BNP Paribas Real Estate advised Derwent London on the acquisition and leasing strategy for The Copywriting Building in London’s Fitzrovia.
Derwent London was looking to amass a strategic site in Fitzrovia, one of London’s fast-growing submarkets, and required assistance in creating an attractive investment opportunity.
The Copyright Building is a newly- developed 107,000 sq ft building with commercial, office and retail accommodation. We assisted the client with purchases to help amass the site and enable the property’s development, and provided leasing advice which culminated in the pre-letting of the building’s entire 87,150 sq ft office element. We also secured a sale price of £165 million for the long leasehold, reflecting a net initial yield of 4.20%.
per annum rental cost secured for office space
sale price achieved
net initial yield
Simon Glenn, Co-Head of London Markets
“This has been a highly successful project in one of central London’s most dynamic submarkets, culminating in an investment sale of the building to a European buyer for £165 million.“
We have a host of experts available for you to message with any questions you might have.
Whenever you visit our website and/or use its features such as web forms, BNP Paribas Real Estate processes information about you such as personal identifying data including contact details for the purpose of processing the requests that are sent to us via the website, and, in some cases, for marketing purposes including by using cookies. Such information constitutes “personal data”.
Looking for something different?