Hammersmith & Fulham News – 10/09/2015
Property Week reports that two offices are coming to market in Hammersmith. Goodman and Legal & General’s joint venture, Arlington Business Parks Partnership (ABPP), is on the cusp of bringing its Hammersmith Embankment scheme to the market for in excess of £100m. The 190,000 sq ft office block is likely to be marketed in the coming weeks, with Strutt & Parker the frontrunner to be appointed to sell. Westerland Real Estate is weighing up the potential sale of 184 Shepherd’s Bush Road after completing its redevelopment and pre-letting the entire 115,000 sq ft to Dunnhumby. Agents are yet to be appointed but it is said that the building would reach £80m. This follows the news from CoStar News previously (see below) that the Metro Building is coming to market.
The Evening Standard reports that Stone Real Estate, headed by former Candy & Candy director, Simon Stone, has purchased Riverview House, W6, for a reported £20m.
Property Week reported that NBK has purchased the 10,000 sq ft Griffin House on Hammersmith Road for just over £75m, equating to a yield of 5.46%. Virgin Media is the anchor tenant, signing a new 10-year lease on its 44,200 sq ft of space in March this year at an improved rent of £45/sq ft. Other tenants in the building include Warner Chappell Music, ReachLocal and St Mungo’s. Savills advised LaSalle. Strutt & Parker represented NBK.
CoStar News reports that M&G Real Estate is preparing to bring the Metro Building, 1 Butterwick, to market for £60m. Strutt & Parker are said to have been appointed to market the 110,000 sq ft building. The building is multilet, with an average rent of £36/sq ft.