Savills markets 15 Westferry Circus, London

Following the recent appointment of Savills directors Julian Clarke and Annabel Sutherland as LPA Receivers of 15 Westferry Circus in London's Canary Wharf, the firm has now been instructed to bring the asset to the market. Offers in excess of Ј129.5 million are sought for the virtual freehold interest, which reflects a net initial yield of 6%.
Completed in May 2001, this prime London property provides a total of approximately 170,000 sq ft (15,790 sq m) of modern office and ancillary accommodation arranged over lower basement, basement, ground and eight upper floors.
The entire property is let to Morgan Stanley UK Group until 30th August 2036, subject to a tenant only option to determine the term on 31st August 2026.
Robert Buchele, investment director at Savills, comments: "Canary Wharf is one of the largest office markets in Europe and has evolved into a vibrant mixed use location that continues to attract some of the world's largest global occupiers. 15 Westferry Circus is a prime office investment securely let to a high quality tenant with a length of income that is becoming increasingly rare in the Central London office market."

Savills