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LandSec adds Haymarket to West End sales

haymarket_house_tiger_tigerLand Securities is preparing to sell the Haymarket home of the famous Tiger Tiger nightclub.

The REIT will seek £130m for the 123,000 sq ft Haymarket House, SW1, reflecting a 4% yield.

The building – made famous when a 2007 terrorist plot to set off a car bomb outside the 18,000 sq ft nightclub was
foiled – also includes 81,000 sq ft of offices, refurbished in 2012.

Other tenants include Incisive Media, Zenimax Media and the Comedy Store.

It is one of a string of offices that have been put up for sale this week as landlords seek to cash in on soaring capital values in the West End.

Aberdeen Asset Management has instructed Strutt & Parker and Colliers International to sell 110 Park Street, W1, for £44.5m – a 4.28% yield. The 27,000 sq ft block is let to tenants including Sellar Property Group.

BA Pension Fund has also put the 34,000 sq ft former BBC Worldwide HQ at 33 Foley Street, W1, up for sale.

Colliers International has been instructed to find a buyer for the building, with bids of around £45m expected.

chris.berkin@estatesgazette.com

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