72 Welbeck Street, London Borough of Westminster
Size: 117,596 sq. ft.
Principal Occupiers:
SBCI IB, Residential Flats, ColliersCRE plc
Unique Features:
Purchased in August 2001 for £36.5 million. Created 38% more usable office space. Number of apartments increased from 11 to 23 and the number of retail units also increased. Cores were rationalised and dedicated servicing to different uses introduced. Sold in December 2005 for £95 million. Annualised Investor IRR 20%.
