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Great Portland Estates Teeing Up Sale Of Facebook HQ

Rathbone Square, Fitzrovia
Photo credit: 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]

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