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Kinnaird House, 1 Pall Mall to be sold

Kinnaird House, 1 Pall Mall, SW1, has been put on the market for more than £60m.


The 71,504 sq ft building is thought to be on sale for £67.5m, reflecting a 5% yield.


Jones Lang LaSalle is believed to have been instructed to sell the asset on behalf of an Israeli investor.


The offices are let to McKinsey & Company until March 2018. Sub tenants include oil and gas company Afren, and investment management firm TowerBrook Capital Partners. Rents are around £60 per sq ft.


The property is held on a long lease from the Crown Estate, expiring in November 2126.


JLL declined to comment.


joanna.bourke@estatesgazette.com


 

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