Developers are neglecting 4m sq ft of ‘forgotten’ Zone 1 offices ripe for redevelopment.
A small but perfectly formed area of SE1 may be the last part of central London to see a surge in office values, following a series of eye-catching investment buys in the area.
Up until now this corner of London has fallen into a developer’s blind spot but Julian Hind, partner at Farebrother, explains: “In SE1 you are looking at capital values of just over £500 per sq ft. Compare that with well in excess of £1,000 for a similar office refurbishment opportunity at the tatty top of Tottenham Court Road. So there will be more deals to follow.”
• Click here to discover where is the hidden corner of Zone 1 and how to get in before it is too late.
