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http://www.propertyweek.com/news/howard-de-walden-estate-acquires-west-end-office/5082407.article

06/06/2016

Howard de Walden Estate acquires West End office

The Howard de Walden Estate has completed the acquisition of 7-10 Chandos Street in the West End at a price of about £68m from Wesleyan Assurance Society.

7-10 chandos street

The freehold, multi-let office building came to the market for the first time in over 50 years in April, and comprises 49,500 sq ft of office accommodation, arranged over basement, ground to seventh floor levels.

Located off Cavendish Square, the building is fully occupied with the exception of around 4,059 sq ft on the ground floor, which is available to let and currently under refurbishment.

Julian Best, director of investment and strategy for The Howard de Walden Estate, said: “The acquisition makes an important contribution to the mix and scale of The Estate’s office portfolio, helping to re-balance the diversification of our income in Marylebone following a significant number of medical lettings. We are very pleased to have acquired the building and look forward to managing it in-house.” 

Finn & Co acted for the Howard de Walden Estate, while BNP Paribas acted for the Wesleyan Assurance.



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