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More Prime London Office Space Coming to Market?

More Prime London Office Space Coming to Market?

A building in Central London offering 192,000 sq ft of office space could be about to change hands according a report posted by a leading property magazine.

Reported by Property Week late last week it is believed that 33 Grosvenor Place in LondonΓÇÖs West End may be put to market by Beacon Capital, the US Fund Manager who holds the buildings as part of its Beacon Capital Strategic Partners IV ΓÇ£FundΓÇ¥ which at its peak contained some 15.6m sq ft of commercial property space.

With an expected selling price of between ┬ú170m – ┬ú180m the addition of this prime office space to the market would add to the flurry of commercial property sales that have taken place in Central London since the beginning of 2010.

The demand for prime commercial offices in London has occurred at a time when more and more businesses have also been seeking out serviced offices space within Central London, providing clear and strong signals that businesses of all shapes and sizes are actively pursuing workspace within the capital ΓÇô with 38% more enquiries received in Q1 10 compared to Q1 09 as highlighted in the officebroker.com Serviced Office Review Series.

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Author: | June 1, 2010 | 0 Comments

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