Knight Frank’s head office has been bought by Irish millionaire Aidan Brooks’s Brooks Property.
The 21,500 sq ft (1,997 sq m), 1720s-built 20 Hanover Square, W1, was sold for around £9m – a 4.8% yield.
The vendor was a jv between Marcol, which inherited the building through its takeover of CompCo last year, and a private investor. Knight Frank pays £457,000 pa in rent on a lease expiring in 2010. It has been in the building since 1910.
Michael Elliott acted for the vendors; Cushman & Wakefield Healey & Baker for Brooks.
References: EGi News 08/03/04
