GCW advises on major Bishopsgate sale

GCW has advised UBS on the sale of a prominent mixed-use property on London's Bishopsgate to British Land for £37,205,000 reflecting a net initial yield of 4.79%.

The 49,484 sq ft property is on the eastern side of Bishopsgate immediately opposite the eastern entrance to Liverpool Street Station. The transaction illustrates the demand for investment opportunities at major transport hubs which continue to generate strong yields.

The property provides 14,462 sq ft of office accommodation over five floors and 35,022 sq ft of retail and leisure accommodation in two self-contained units. The larger unit is let to Tesco until 2033 with a second retail unit let to DC Bars. GCW offered retail expertise on the sale and worked alongside city office specialist BH2.