Germany's Deka has gone under offer to buy 8 St James’s Square for just over £230m, a record capital value in London of £3,700 per sq ft, CoStar News understands. That price reflects a net initial yield of 3.3% for a building that has already broken the UK's record rent figure.
Deka To Bust Records With £230m-Plus West End Offices Buy
8 St James's Square Has Broken Records on Rents and Is Now Set To Do so on Capital Values
By Paul Norman
CoStar News
May 19, 2021 | 7:25 AM
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