Ocubis has instructed Savills and Capital Real Estate Partners to market 5 St James’s Square.
The Grade II* listed office building is multi-let and comprises 16,183 sq ft net (22,761 sq ft gross) of the highest quality office accommodation and has achieved some of the top rents in London.
The owners are seeking offers in excess of £75 million.
Matt Gresham of Ocubis commented: “Following a two year restoration and refurbishment programme, the building is now fully tenanted and income producing. The exceptional level of interest for freeholds in St James’s Square has persuaded us to offer this unique asset to the market. We continue to seek opportunities where we can add value to existing buildings using our planning, refurbishment and leasing expertise.”
Rasheed Hassan, Head of Global Cross Border Investment at Savills, said: “The dynamics of today’s market are such that we are suffering from a major lack of truly prime assets available to buy, though at the same time there is an unabating appetite from investors across the world to acquire high quality real estate in London. 5 St James’s Square is a unique asset. It provides a buyer with a secure and diverse income stream, as well as offering an opportunity to own a piece of historic London.”