Recently-refurbished west London offices
have been acquired by luxury retailer Harrods.
The 120,000 sq ft of space in Hammersmith is to be occupied by Harrods itself, CoStar News reported.
Approximately £30 million was paid for 68 and 72 Hammersmith Road, W1, in a freehold acquisition deal.
The two buildings were previously purchased by Halladale in 2006 for £48.45 million.
In September, the online property publication had claimed that Harrods was in talks to purchase the 57,248 sq ft 68 Hammersmith Road asset, which at the time was on the market for leasing.
Harrods went on to show interest in the adjoining property. The retailer is owned by Qatar Holding, which acquired the company in 2010 for £1.5 billion.
According to CoStar News, staff will be relocated to the new London offices
from the Knightsbridge store in order to make room for redevelopment.
Hammersmith has also attracted the interest of Development Securities, which was reported in the summer to be in talks with Scottish Widows to secure funding for new London offices
close to the Hammersmith and City Line tube station.
Posted by David Hudek
News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.