News

Queen's Bank Building Readied For Sale

Henderson Global Investors plans to sell the HQ of the private bank Coutts, which counts the Queen among its clientele, by the end of 2016. The company was one of a handful that suspended trading its UK property funds in the aftermath of Brexit, and is now offloading prime assets to provide liquidity to investors.

440 Strand was valued at £220M before the Brexit vote and will be marketed in the autumn, according to the Financial Times. It has been occupied by Coutts since 1904 and is let to Royal Bank of Scotland, which owns the bank, until 2037.

Aberdeen Asset Management, which suspended its fund for a shorter period than the others, has begun marketing properties, including an office building at 10 Hammersmith Grove, the UK headquarters of Fox International, a division of 21st Century Fox.

British Land announced last week it had sold the Debenhams flagship store on London’s Oxford Street to a private investor for £400M. [FT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject