The Freehold asset occupies a prominent position in the heart of Soho, benefiting from the square’s strong tenant appeal and enduring investment demand. The building comprises 23,198 sq ft of high-quality office accommodation arranged over multiple floors and is currently multi-let to seven tenants at a reversionary rent of £84.88 per sq ft overall.

A key feature of the asset is a block date in two years’ time, offering the incoming purchaser the opportunity to obtain vacant possession and implement a comprehensive refurbishment and repositioning strategy to capture higher rental levels in a market increasingly driven by a shortage of high quality stock.

Hanover Green launched a far and wide marketing campaign that generated strong interest from both domestic and international investors. Competitive bidding from multiple parties ensued, ultimately driving the sale price in excess of the guide and demonstrated investor appetite for well-located, value-add opportunities in core West End locations.

The seamless execution of the sale was supported by a thoroughly prepared sales pack, which allowed for efficient due diligence and contributed to a smooth and swift process from the agreement of heads of terms through to completion—delivering a strong outcome for our client.