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WELPUT instructs agents on West End sale

 

One-Chapel-Place-300pxThe West End headquarters of CoStar and Carter Jonas has been put up for sale, with offers of more than £60m sought.

Schroders-managed WELPUT has appointed CBRE and Strutt & Parker to sell One Chapel Place, W1. The asking price reflects a 3.55% yield.

The 35,000 sq ft office block completed in 2012. Other tenants include Johnson & Johnson.

Rents at the property are typically more than £70 per sq ft.

It marks WELPUT’s second-largest disposal this year, after selling its stake alongside Hermes Real Estate in The Point, W2, to Tishman Speyer for £210m in July.

joanna.bourke@estatesgazette.com

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