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Goldman Sachs’ Fleet Street Office on the Market for ┬ú300m

Goldman Sachs’ Fleet Street Office on the Market for ┬ú300m

Part of Goldman Sachs’ Fleet Street office in The City, which provides the base for their regional headquarters, is up for sale with a price tag of ┬ú300m.

The building, which was the former home of The Telegraph, has been put into receivership after its owner Jesta Capital defaulted on loans last year.

Peterborough Court and Daniel House make up the 370,000 sq ft property, which forms half of the investment bank’s headquarters, and reports suggest that the sale is likely to attract overseas interest as office properties in London are considered a relatively safe investment.

Andrew Hawkins from Jones Lang LaSalle’s City investment team, who are marketing the property, told Property Week:

“London is a huge focus for real estate investors globally at the moment. In 2010 London was the largest commercial real estate market for investment activity globally, generating ┬ú10.8 billion of transactions, of which ┬ú7.3 billion was overseas money.

“The London market is probably the most liquid international property market at present and we expect Goldman’s HQ to appeal to a wide range of investors from the US, Middle East and Asia Pacific.”

Goldman Sachs are contracted to lease office space in the Fleet Street property until 2026.

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Author: | February 14, 2011 | 0 Comments

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