News
Great Portland Estates Teeing Up Sale Of Facebook HQ
Courtesy of Guy Grantham
Rathbone Square, Fitzrovia
German fund Deka is in talks with Great Portland Estates to buy the new headquarters for Facebook for around £450M. However, other parties are also interested in One Rathbone Square and no deal is certain yet, according to Estates Gazette.
Last year, Facebook signed a 15-year lease for the entire 227k SF office space, agreeing to a rent of £16.9M or £74/SF. The building, due to complete in February 2017, is near the future Crossrail hub at Tottenham Court Road.
GM Real Estate is acting for GPE; CBRE and Savills are Deka’s retained UK advisors. [EGI]
