Derwent London sells Burberry HQ for €155m

Derwent London has agreed to sell Horseferry House, the building that houses Burberry's global headquarters, for £131.8 mln (€154.9 mln) to an international investor.

Horseferry House SW1, London

The sale is expected to close in June 2026.

Derwent London originally bought the 15,320 m2 property in 2005 for £34 mln (€39.9 mln) and then undertook a major renovation. Burberry subsequently leased the building as its headquarters. In late 2025, Burberry extended its lease until 2043, with no break clauses, and agreed to fixed rent increases in 2033 and 2038. The sale price is slightly under the property's value as recorded in December 2025.

Paul Williams, chief executive of Derwent London, said: “Our disposal of Horseferry House crystallises a c.8.4% IRR over our 21-year ownership, outperforming the MSCI Central London Office Index by c.240bp pa. We have now exchanged contracts on around £275 mln (€323.4 mln) of sales since the start of the year and are in discussions on a further £100 mln (€117.6 mln), as part of our three-year disposals target of £1 bn (€1.18 bn).”

Derwent London owns properties primarily in central London. As of 31 December 2025, their portfolio was valued at £5.1 bn (€6 bn), making them the largest REIT focused on London offices. The company typically buys central London properties that aren't publicly listed for sale.