An increase in investment interest may be a reason for the upturn in office space for sale in the capital.
Vendors may be trying to seize upon companies who wish to invest in the West End according to Property Week.These properties include Beacon Capital owned Grosvenor Place and 40 Portman Square owned by real estate investment group Aerium.
Boston based firm Beacon Capital will be advised by Jones LangSalle in selling its Grosvenor Place office building, which is expected to value between £170 to £180 million on the market.
It contains 192, 000 square foot of office space.
The sale at Aerium’s Portman Square expects to generate £185 million, it was suggested a fortnight ago, after the firm’s appointment of real estate advisor CB Richard Ellis was confirmed.
Central Cross on Tottenham Court Road may also be up for sale by UK fund investment company Glebe. The office and retail space may be sold for £130 million.
Entrepreneurial property investment company D2 Private might add to the list of London properties soon to be on the market after being approached several times by potential buyers. It is currently considering the sale of 12 St James Square for over £180 million.