Redevco sells 1- 4 Connaught Place, London (UK)

Redevco has sold its long leasehold interest in 1 – 4 Connaught Place to LaSalle Investment Management (LaSalle) for over £22.5 million (approx. €26 million).

1- 4 Connaught Place, London

1- 4 Connaught Place, London.

The predominantly office property was extensively refurbished by Redevco in 2009 to provide 2,787 m² of high-quality grade-A accommodation over seven floors. It was successfully let throughout 2010 to six different tenants on leases expiring in either 2015 or 2020 and at headline rental levels of around £45 per ft².

The building also includes 10 residential units which were successfully sold off in 2009/2010.

Redevco were represented by Jones Lang LaSalle, while LaSalle were represented by Franc Warwick.

Source: Redevco

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