The Eastcheap Estate is Sold
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The Eastcheap Estate is Sold

eastcheap estate sold

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.

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