66 Shoe Lane
02/03/2021 by Buildington

Henderson Park has exchanged contracts for the sale of Athene Place at 66 Shoe Lane to a consortium led by Wing Tai Properties Limited, a Hong Kong-based real estate company for £255 million.

The office space has been leased to the Occupational Tenant Deloitte under five Occupational Leases with tenors of 15 years (including rent-free periods) expiring on 28 September 2035 (with an option to renew for two further terms up to 13 October 2036 and 13 October 2041 respectively). The Occupational Tenant is a global Big Four accounting and professional services firm.

The value of the Property held by the Target Company (as appraised by the JV Valuer) was £260 million as at 15 December 2020.

CBRE and Eastdil Secured advised Henderson Park on the disposal.

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