Login

Workspace buys Shepherds Building for £125m

Helical has exchanged contracts on the sale of The Shepherds Building in West London to Workspace Group for £125.3m, reflecting a capital value of £835 per sq ft and a net initial yield of 4.8%, rising to 5.1% on expiry of rent frees.
By James Buckley
September 13, 2018 | 5:02 P.M.

The sale, whic represents a 12.4% premium to 31 March 2018 book value, will allow Helical to recycle capital into new value-add and development opportunities. Helical will now focus on design led office and mixed-use schemes in London and Manchester.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Workspace buys Shepherds Building for £125m