More key London offices on the market
More landmark London office properties have been put on the market – Jones Lang LaSalle announced on Friday that it is to market the Fleet Street buildings known as Peterborough Court and Daniel House, which form part of the European headquarters of Goldman Sachs. Property Week notes that JLL was appointed as receiver on the properties last year after the loan used to purchase it was accelerated by main lender Landesbank Berlin.
Jones Lang LaSalle said it would be seeking offers of more than £300m for the building, which comprises 370,526 sq ft of “institutionally specified office accommodation”. Andrew Hawkins, a director on JLL’s City Investment team, said that London is probably the most liquid international property market at the moment, noting that last year it was the world’s biggest commercial real estate market for investment activity, generating £10.8bn of deals, of which £7.3bn came from overseas. “London is a huge focus for real estate investors globally at the moment”, he added.
Separately, the Times today reports that the Aviva Tower in the City, the remaining White Tower property, has been put up for sale for between £280m and £290m, and is being marketed by CB Richard Ellis and Knight Frank with a formal sale instruction imminent. The paper quotes James Beckham at JLL as saying that the property has good potential to create a much larger tower on the site.
