Aberdeen Asset Management has sold the freehold interest in 1 Welbeck Street, W1, to Lazari Investments for more than £103m.
The Aukett Swanke-designed property has been recently redeveloped to provide 55,000 sq ft of grade-A offices, including 2,000 sq ft of roof terraces.
Nicholas Lazari, director at Lazari Investments, said: “This asset is the only opportunity for a tenant to secure new space over 25,000 sq ft in Marylebone in 2016. This acquisition is also of strategic importance to us, given our ownership of the adjoining properties.”
The scheme, located close to the new entrance of the Bond Street Crossrail station on
Marylebone Lane, will be launched to the leasing market at the end of the month.
The deal is the latest in a flurry of asset sales by Aberdeen Asset Management as the investor looks to reduce its exposure to UK property. Notable disposals this year include the Mayfair headquarters of private bank Kleinwort Benson at 14 St George Street, W1, to Chinese Estates for £121.7m; 15 St George Street, W1, to occupier LVMH for £35m; and 7 Herbrand Street, WC1, to Israeli billionaire Teddy Sagi for £56m.
Colliers International will be letting agent for the Welbeck Street offices and represented Aberdeen Asset Management on all of the sales; Lazari was unrepresented.
