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WELPUT to sell prized St James's block for £205m

WELPUT has put up for sale one of its prized assets in London’s St James’s for £205m, CoStar News can reveal.
By James Buckley
June 11, 2018 | 7:00 P.M.

WELPUT, the centralLondon specialist looked after by Schroders and Grafton Advisors, has instructed Colliers International and CBRE to sell the long leasehold interest in Stirling Square, an office development at 5-7 Carlton Gardens, SW1, for a net initial yield of 4.25%. The price reflects a capital value of £2,100 per sq ft and the building produces a rental income of circa £9.5m per snnum.

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