Haslemere NV announced today that it has completed the disposal of Kinnaird House, 1 Pall Mall East, London SW1 to Villatree Ltd for a consideration of GBP 37.4 million
Kinnaird House (a Crown Estate freehold) comprises approximately 929 mò (10,000 sq ft) restaurant space as well as 5,576 mò (60,000 sq ft) office space on the remaining eight floors. The tenant for the majority of the office space is McKinsey & Co Inc UK.
Richard Debney, Director of Haslemere NV, said:
ââ¬ÅKinnaird House is not an asset we had planned to sell. This disposal is the result of a direct approach, and is at a price which we regard as attractive to our shareholders relative to the prospects for further short term growth in value. Kinnaird House has been a very successful development for Haslemere.ââ¬Â
Source: Haslemere NV