EC1 London offices sold for more than £80m
A building of London offices comprising 101,516 sq ft of space has been sold for more than £80 million.

The premises at 3 Bunhill Row, EC1, have been acquired by Saudi Arabian firm Manafea Holding, which purchased the property from Henderson Global Investors acting for Warburg.

Linklaters is a global law organisation that operates from 27 offices, which has advised deals including the sale of 30 St Mary Axe by Swiss Re for £600 million.

However, the London offices at Bunhill Row will soon be turned into the global headquarters of Trowers & Hamlins. Also a law firm - reflecting the popularity of the City with legal enterprises - its current space is at Sceptre Court at 40 Tower Hill, EC3 and is the largest of its offices across the globe.

Its other bases include Manchester, Exeter, Oman, Cairo, Abu Dhabi and Bahrain.

The present income derived from 3 Bunhill Row is £44.30 per sq ft, which totals £4,497,500 a year.

Posted by David Hudek

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