Mail us info@duncanallison.com




 

http://www.propertyweek.com/news/mayfair-office-sells-for-sub-2-yield/5077408.article

28/10/2015

Mayfair office sells for sub-2% yield

Blackstone has sold a Mayfair office building to a private European investor advised by Crossland Otter Hunt for £38m – with the price reflecting an unprecedented 1.86% yield.

9 Clifford Street

The building, 9 Clifford Street, comprises 13,231 sq ft of office space set around a courtyard garden.

It is majority let to law firm Brown Rudnick until February 2022 with a total passing rent of £755,531 a year, equating to a low overall rent of £57.10/ sq ft.

Brown Rudnick has sub-let the majority of its floors.

The building was marketed as having an opportunity to convert the existing building to a flagship retail house which would appeal to a number of high end luxury retailers.



16/11/2016
16/11/2016
06/09/2016
26/08/2016
26/08/2016
16/08/2016
10/08/2016
27/07/2016
27/07/2016
20/07/2016
19/07/2016
19/07/2016
14/07/2016
12/07/2016
07/07/2016
07/07/2016
13/06/2016
06/06/2016
03/06/2016
12/05/2016
06/05/2016
26/04/2016
06/04/2016
30/03/2016
04/03/2016
26/02/2016
22/02/2016
08/02/2016
05/02/2016
26/01/2016
21/01/2016
19/01/2016
19/01/2016
15/01/2016
13/01/2016
08/01/2016
07/01/2016
06/01/2016
06/01/2016
06/01/2016
06/01/2016
18/12/2015
10/12/2015
18/11/2015
10/11/2015
06/11/2015
28/10/2015
18/09/2015
11/09/2015
09/09/2015
08/09/2015
08/09/2015
07/09/2015
01/09/2015
28/08/2015
25/08/2015
24/08/2015
20/08/2015