LONDON: Great Portland Estates plc (GPE) announced the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term basis, at…
LONDON, UK: Great Portland Estates plc (GPE) announced a property swap with the City of London Corporation (CLC). GPE has exchanged contracts to acquire the long leasehold interest at The Courtyard, 1/3 Alfred Place, WC1 for £28.6 million, or £462 per sq ft and the simultaneous sale of its short leasehold interest in 95/96 New…
LONDON, UK: GPE announced the acquisition of the freehold interest at 141 Wardour Street, W1 for £39 million (£1,156 per sq ft). The 33,717 sq ft building is currently vacant, has been stripped out and benefits from planning consent for a comprehensive refurbishment. The building is in the heart of Soho, prominently positioned on the…