8 St James’s Square was a 1930’s office building on LG to 6th floor extending to 46,500 net. The property also included 7 Apple Tree Yard a standalone but substandard 1980’s building of 10,500 sq ft net, and 13 Duke of York Street, a former restaurant of 1,500 sq ft net abutting to the rear, and Locally Listed.
Key Initiatives
- The former 1960 offices were demolished, and detailed consent secured
- With a £35mi development budget, the Grade A office development was completed to the highest standard
- It provides 65,534 sq.ft (6,088 sq.m) of the highest quality office space across eight open and expansive floors, with terraces on the upper floors offering the best views in St James’s and benefitting from natural light on three elevations
- Winning awards and accolades from the industry
- All but 1.5 floors let, at levels setting new records for London Offices, and the top floor setting a new world record of £187 psf
- Building sold after best bids, via SPV to private Hong Kong buyer. £18m rent guarantee on voids 3.7% initial yield