Aberdeen Asset Management has sold the freehold interest of One Welbeck Street in London's West End to Lazari Investments for over £103 mln (€130 mln).
Aberdeen Asset Management has sold the freehold interest of One Welbeck Street in London's West End to Lazari Investments for over £103 mln (€130 mln).
One Welbeck Street has been comprehensively redeveloped, led by architects Aukett Swanke, to provide 5,100 m2 of office space.
'We are very pleased to have purchased this prime asset which is the only opportunity for a tenant to secure new space over 25,000 sq ft in Marylebone in 2016,' said Nicholas Lazari, director at Lazari Investments. 'This acquisition is also of strategic importance to us, given our ownership of the adjoining properties, completing a unique freehold island site.'
Colliers International represented Aberdeen Asset Management, Lazari were unrepresented.
Colliers International is retained to market the new Grade A offices which will be launched to the market in late April 2016.
