by Maria Neda 
The big financial company Goldman Sachs would negotiate the sale of its headquarters in London for 1.4 billion dollars (one billion pounds), according to Bloomberg, but this is not the only example of this kind in the London office market. Recently, similar transactions were announced by KPMG and Lloyds Banking Group, which have their headquarters for the European Union in the capital of England but want to protect themselves in the future.
The office project that Goldman Sachs wants to sell has a total area of 78,000 square meters and houses the company’s 9,600 current employees.
According to economists interviewed by the international publication, the estimated yield (investment return) for this building is 4%.
Goldman Sachs sells its office building, but the contract guarantees the lease of the space for an extended period.
The office project was carried out by a contractor directly at the request of the financial company, and it was estimated at 350 million pounds two years ago, when it was awarded to Brookfield Multiplex, according to the London construction press.
The architectural solution belongs to the architectural firm Kohn Pedersen Fox Associates. The building is BREEAM certified.
And KPMG put its London headquarters up for sale last year at a price of more than 400 million pounds, according to The Telegraph. KPMG bought the site for £ 260 million in 2006 from developer Canary Wharf Group. The office building has 14 floors and a total area of about 40,000 square meters.
The third example is the Lloyds Banking Group, which has announced that it is willing to sell its headquarters for £ 160 million and then rent it out.
It remains to be seen whether these transactions will take place and what prices will be obtained after the negotiation.
If you would like more information about the office buildings for sale in Bucharest, please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!
PR & Media Coordinator, PR & Media Consultant, with background as a journalist in the economic press and experience as a consultant in Urban Development.
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