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Commercial

Strutt & Parker appointed to sell Covent Garden tower

Q1 2016

WELPUT has instructed Strutt & Parker’s West End Investment team to market the freehold investment of Orion House in Covent Garden, London.

WELPUT has instructed Strutt & Parker’s West End Investment team to market the freehold investment of Orion House in Covent Garden, London.

Orion House is the tallest building in Covent Garden and represents a landmark office and retail investment.

Orion House comprises 90,853 sq ft across 10 floors and is multi-let to 10 tenants. The most recent letting at Orion House achieved a record rent for Covent Garden of £90.00 per sq ft.

Covent Garden remains one of London’s most vibrant areas with a wide range of amenities, and in recent years has succeeded in attracting a number of high profile corporate and financial tenants.

Strutt & Parker is inviting offers in excess of £150m, which reflects a net initial yield of 4.05%.

For further information contact Simon Glenn.