London Investment Properties Track Record

2 Cavendish Square, W1

January 23, 2023

2-cavendish-square

VALUE
£64,100,000 / NIY - 3.45% / £2,365 per sq ft

AREA
27,105 sq ft

PURCHASER
CBRE IM

VENDOR
Howard de Walden Estate 

CBRE’S ROLE
Acquisition

DESCRIPTION
CBRE advised on the successful acquisition of 2 Cavendish Square for CBRE IM. This was a highly competitive process with 45 inspections and 11 bids in the first round and 5 parties invited into the second round.

The Property is a freehold building fronting Cavendish Square. The Property extends to 27,105 sq ft of modern office accommodation arranged over lower ground, ground and six upper floors. Multi let to three tenants providing WAULT of 10.8 years to expiry (7.2 years to breaks). The Property benefited from a short term opportunity to refurbish the 5th and 6th floors to capture the reversionary rent. 

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  • CBRE advised on the successful acquisition of 2 Cavendish Square for CBRE IM. This was a highly competitive process with 45 inspections and 11 bids in the first round and 5 parties invited into the second round.

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