Green Property has sold two prime London offices to an unnamed Asian investor for £246m (€289m).
The two buildings at 7 and 8 St James’s Square have been owned by Dublin-based company since late-2008, when they were sold by Allied Irish Bank.
Green Property said the buildings, which have since been redeveloped, were sold at a yield of 3.69%.
The Asian investor paid approximately £3,425 per sqft for the two buildings that contain 62,200sqft and 30,000sqft of commercial space.
Mike Tapp, Green Property director, said: “This sale highlights the resilience of very prime London properties in a post-referendum environment.
“It is a reflection of the ongoing attractiveness of the West End as a target market for long-term international capital.”
The Helly Nahmad Gallery last year signed a 15-year lease to pay a reported £185 per sqft for a floor in the building.
Other tenants include Société Générale and Steve Cohen’s Point72.
