Anglo American has instructed CBRE to search for a new 100,000 sq ft London headquarters.
The mining giant is considering relocating following its 2020 lease expiry at LaSalle Investment Management’s 20 Carlton House Terrace, SW1, where it occupies the entire building.
Staff from its DeBeers mining unit at 17 Charterhouse Street, EC1, which the company owns, have been gradually consolidated into 20 Carlton House Terrace while the City block is prepared for sale with vacant possession.
Oaktree Capital and Quadrant Estates had been in talks to buy the 110,000 sq ft Charthouse Street building at the end of last year. However, Anglo American later pulled out of discussions.
The company is understood to have considered relocating staff to Charterhouse Street, so that the block could be relaunched on a sale and leaseback basis. However, it is now considering moving to a new headquarters and is likely to reconsider a sale of Charterhouse Street with vacant possession.
LaSalle Investment Management bought the long leasehold of 20 Carlton House Terrace in 2010 for £85m – a 5% yield. In spring 2016 the long leasehold was put on the market, but it was subsequently withdrawn ahead of the EU referendum.
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