A GAW Capital-led consortium is to buy an interlinked 480,000 sq ft office development let to Google for around £500m, in what will be the largest single asset investment deal in the West End for more than two years.
The deal could provide the GAW-led consortium with the option to combine both assets and deliver circa 500,000 sq ft of refurbished or redeveloped space to the supply-starved West End market.
Around 97% of the income on the property comes from office tenants Google, PA Consulting, Eni and Sky Media. The property comprises 193,000 sq ft of offices and circa 10,000 sq ft of retail space.
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