Last year saw some huge investment transactions take place in the West End as buyers paid eye watering prices to secure large chunks of Europe’s most desirable commercial market place.Significant portfolio transactions included the Church Commissioners selling their interest in the Pollen Estate in Mayfair for £381million and the Holborn Links Estate in WC1 being sold for £212.5 million. The Police Commissioners’ £370 million sale of New Scotland Yard in Victoria caught the attention of the national press (similar publicity will no doubt surround the upcoming sale of London Underground’s Broadway HQ). The market’s low yields continued with the £262 million sale of 6 St. James's Square, SW1 (3.89%) while the pressure to own property on New Bond Street acutely demonstrated by the sale of 130-137 at a yield of 2.52%.
News
February 2015