St James's offices 'purchased by Russian investors'
Russian investors have purchased St James's offices for more than £70 million.

Located at 50 St James's Street, the commercial property used to be home to the central London offices of the Jamaican High Commission, as well as the Devonshire Club.

The 185-year-old building was recently at the centre of plans passed by Westminster Council to turn the 35,000 sq ft premises into a hotel, members' club, spa and restaurants.

Earlier in November, the council's licensing sub-committee granted an application for the sale of alcohol at 50 St James's.

It has also been said that the building used to be connected via a tunnel to White's, the private members' club across the road.

While the address might not be being turned into new London offices, St James's itself is a popular and prestigious location from which to operate a business.

The chief executive of the British Council for Offices Richard Kauntze previously described the district as desirable and especially attractive - along with nearby Mayfair - to international tenants.

Posted by Sarah Dudley

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