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http://www.costar.co.uk//en/assets/news/2015/September/MG-readies-Hammersmiths-Metro-Building/?utm_source=CoStar%20Daily%20News&utm_medium=email&utm_c

08/09/2015

M&G readies Hammersmith's Metro Building

By Paul Norman - Tuesday, September 08, 2015

M&G Real Estate is preparing to bring to market the Metro Building, one of central Hammersmith’s key offices, for £60m, CoStar News understands.

Market sources this week said Strutt & Parker had been appointed to market M&G’s long leasehold in the 110,000 sq ft office at 1 Butterwick in the centre of Hammersmith with a formal sale expected to begin in the next two or so weeks.

The building is multilet to tenants including Medidata, Capcom and Bazaarvoice with an average rent of £36 per sq ft.

M&G, then Prupim, bought the long leasehold interest in the building from Capital & Counties in 2007 for £53.7m, reflecting a net initial yield of 5.6%.



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