Sale of Allan House, London W1 Completed

Hanover Green are delighted to have acted for abrdn in selling the long leasehold interest in Allan House, 10 John Princes Street, London W1 to the freeholder, Howard de Walden Estates Ltd. The building, of c.18,000 sqft in total, was purchased at a price of £12.01 million which reflects a net initial yield of 5.72% and a value of £657 per sq ft. The property is let to Greene King Ltd on the lower floors, trading as The Finery, with the upper floors comprising multi let office accommodation. Savills acted for the purchaser.




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