Savills and Knight Frank bring London office to market for €164m

Savills and Knight Frank are selling Vintners Place, a prime City of London riverside office block, for £140 mln (€164 mln).

Vintners Place

The 25,472 m2 office block spans across two buildings, with amenities such as a gym, swimming pool, private terrace, and a tenant coffee shop.
The property's current income reflects a potential for rental growth, and its existing occupancy of 60% allows for further improvement. It is multi-let to 11 tenants.
The property, offering a 9.78% net initial yield, presents an opportunity to invest in a prime location with potential for rental growth and further enhancement.
Given the limited availability of Grade A office space in the City of London, the sale offers a chance to acquire a landmark asset in a strong market.
The property has been subject to a rolling programme of upgrades, and a comprehensive sustainability programme is nearing completion.