Savills and Knight Frank have been appointed as joint agents to sell the long leasehold of Vintners Place, a landmark office investment in the City of London, with a guide price of £140 million ($190 million) reflecting a net initial yield of 9.78 percent and only £511 ($695) per square foot.
Occupying a prime riverfront location, the investment comprises two contiguous buildings: Vintners Place and Thames House. The buildings extend to 274,175 square feet in total and offer floorplates ranging from 3,845 square feet in Thames House to 44,052 square feet in Vintners Place.
The building’s occupiers benefit from a private gym, 20-meter (66-foot) swimming pool, a private terrace and tenant coffee shop. The property has been subject to a rolling program of upgrades and a comprehensive sustainability program is nearing completion. The investment now offers an incoming purchaser the opportunity to implement additional initiatives to further the enhancement of this landma
