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London’s Piccadilly Circus 3 Properties Offered at £450,000,000 in London
Investment Highlights
- High-profile freehold asset in London’s West End
- Close to great transport links
- Great footfall area.
Executive Summary
Guide price of £450 million.
The site, which is known as Lucent, comprises 188,000 sq ft of mixed-use space, of which the offices make up 126,000 sq ft. The retail and leisure element includes four flagship stores totalling 58,000 sq ft, on Regent Street and Shaftesbury Avenue, which are leased to tenants including Boots and Lindt.
The sale will include the freehold that underpins Piccadilly Lights, the largest advertising screen in Western Europe, with Landsec continuing to operate the digital infrastructure on a new 250-year leasehold and retaining 95% of its net operating income.
The site, which is known as Lucent, comprises 188,000 sq ft of mixed-use space, of which the offices make up 126,000 sq ft. The retail and leisure element includes four flagship stores totalling 58,000 sq ft, on Regent Street and Shaftesbury Avenue, which are leased to tenants including Boots and Lindt.
The sale will include the freehold that underpins Piccadilly Lights, the largest advertising screen in Western Europe, with Landsec continuing to operate the digital infrastructure on a new 250-year leasehold and retaining 95% of its net operating income.
Property Facts
| Price | £450,000,000 | Number of Properties | 3 |
| Price psf | £2,497 / sq ft | Individually For Sale | 0 |
| Sale Type | Investment | Total Property Size | 180,206 sq ft |
| Status | Active | Total Land Area | 1.34 ac |
| Price | £450,000,000 |
| Price psf | £2,497 / sq ft |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 180,206 sq ft |
| Total Land Area | 1.34 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lucent
1 Sherwood St, London W1D 7ET |
Office | 133,934 sq ft | 2023 | - |
|
Picadilly Lights
44-48 Regent St, London W1B 5RA |
Retail | 29,300 sq ft | 1885 | - |
|
Malvern House
1-17 Shaftesbury Ave, London W1D 7EA |
Retail | 16,972 sq ft | 1885 | - |
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London’s Piccadilly Circus
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