South Bank Central - FOR PAGE
SOUTHBANK CENTRAL, SE1

VALUE
£255 million / NIY – 5.50% / £965 per sq ft

AREA

263,905 sq ft 

PURCHASER
Starwood Capital  

VENDOR
Hermes Investment Management and CPPIB

CBRE’S ROLE
Disposal

DESCRIPTION
Having advised on the purchase of the asset in 2014 at a price of £150m, as well as the subsequent remodelling, CBRE is proud to have advised the partnership of Hermes and CPPIB on the disposal of this 2.6 acre freehold multi-let estate. Following an extensive global marketing campaign, resulting in multiple bids from international purchasers, CBRE delivered a substantial profit for our clients, while collaborating with our Asset Management and Leasing teams.