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MPC to offload 265 Strand

Muenchmeyer Petersen Capital has put its office building 265 Strand, WC2, on the market for £72m.


The price being sought for the 76,155 sq ft building reflects a 6% net initial yield. Knight Frank has been appointed selling agent.


Tenants at the Midtown property, which produces £4.6m pa, include law firm Covington & Burling and Forrester Research.


The German fund bought the building in 2005 for £70m, a 6.5% yield.


joanna.bourke@estatesgazette.com


 

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