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GPE sells 30 Broadwick Street for £190m

Savills Investment Management has bought Great Portland Estates’ 30 Broadwick Street, W1, for around £190m.

Situated in Soho, 30 Broadwick Street is an eight-storey building that comprises 94,300 sq ft of grade A office, retail and restaurant space.

With completion scheduled this month, the acquisition will provide a private client of Savills IM with a prime London real estate asset, which is fully let with tenants including Boston Consulting Group, Nespresso and The Ivy Brasserie.

London Executive Offices also recently agreed a deal for a 13,500 sq ft office on a 10-year lease at the property.

Neil Varnham, head of asset management at Savills IM, said: “We are delighted to have concluded this transaction within such a short time frame.”

Gowling WLG acted on behalf of Savills IM.

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