Wed, 16 Feb 2011 | COMMERCIAL PROPERTY
The Fleet Street headquarters of investment banking giant Goldman Sachs is up for sale for £300 million.
Jones Lang LaSalle is selling the Peterborough Court commercial property - which is the former home of the Daily Telegraph newspaper - on behalf of its owner, the Canadian property firm Jesta Capital, which defaulted on loans last year.
The sale of the Fleet Street base is the second part of the disposal of Goldman's headquarters: the bank's River Court base, which is located directly opposite Peterborough Court and once housed the Daily Express, was purchased a few weeks ago. Joseph Lau's Chinese Estates paid £280 million for the River Court property.
Alongside Peterborough Court, Jones Lang LaSalle will also be selling the self-contained Daniel House office, which is located on the same site. Interest in the 370,000-square foot building is expected from several overseas buyers, including Malaysia's Employees Provident Fund, which has just purchased the home of law firm Freshfields Bruckhaus Deringer in Whitefriars and is looking to spend £1 billion on London commercial property.
Goldman's lease on the Peterborough Court building runs until 2026 and almost £18 million is generated by the buildings each year in rental payment.
Offered for sale is a highly regarded firm of commercial building consultants and surveyors, dedicated to providing expert advice and guidance in order to maximise the value of clients’ building assets.
The company designs, manufactures, installs, and maintains bespoke dust control equipment across the UK. Priding itself on its extensive in-house knowledge, the company provides a full range of filters, fans, and ducting, as well as offering annual C...
This business is a true powerhouse, offering customers everything they need to achieve their desired spaces in one convenient place. Whether they’re undertaking a full-scale renovation or searching for that perfect finishing touch, the solutions offe...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.