20 Mar The Eastcheap Estate is Sold
The owner of the Walkie-Talkie has bought the skyscraper’s neighbouring mixed-use scheme the Eastcheap Estate from The Thackeray Estate.
Thackeray instructed BNP Paribas Real Estate to sell the estate for £45.5m in October, having fully let it earlier that month.
Property Week understands that the guide price was met, reflecting a yield of 4.52%.
Hong Kong investor LKK Health Products Group bought the Walkie-Talkie in July 2017 for £1.28bn, in the UK’s largest-ever office deal.
The 31,838 sq ft Eastcheap Estate contains grade-A office space and 10,000 sq ft of retail on the site of a former London food market.
The estate is split into three units. On the corner of Eastcheap and Philpot Lane, 25 Eastcheap consists of three grade II-listed buildings. In the middle of the estate is Victorian grade II-listed 33 Eastcheap, and the scheme is bookended by 39 Eastcheap.
LKK did not respond to a request for comment. BNP Paribas Real Estate and The Thackeray Estate declined to comment.