WELPUT Sells West End Property
The West End of London Property Unit Trust (WELPUT), managed by Schroders and advised by Grafton Advisors, has sold the freehold interest in Stratton House to a private European investor for £166 million (€204 million). Located at 5 Stratton Street in London’s West End, the property has 10,000 square metres of mixed-use accommodation.
The Grade II landmark building was constructed in 1929; WELPUT acquired the property in 2005 and refurbished the asset into a prime mixed-use office building. The eighth floor was made a residential penthouse flat that sold in 2010, and was not included in the current sale.