UBS Asset Management, acting for its Triton Property Fund, sold the freehold interest in 70 Wilson Street in the City of London for approximately £64.7 million. The purchaser is understood to be an overseas entity.
Built in 1988 and renovated in 2017, the seven-storey office building totals 73,753 square feet and occupies a 0.32-acre plot in the City near Liverpool Street, with frontages on Wilson Street, Worship Street and Dysart Street.
At the time of sale, only the basement and ground floor were occupied, placing the occupancy rate at approximately 17%. Approximately 60,907 square feet representing 83% of the building was vacant at completion. CoStar data shows WeWork took 48,561 square feet in 2018 and had moved out by late 2024.
The property previously sold in 2020 for £92 million by Columbia Threadneedle Investments.
RX London represented the seller, UBS Asset Management.