Cushman & Wakefield has been appointed as joint sole letting agents with CBRE on St Andrew's House, London EC4.
The firm advised CBRE Global Investors (acting on behalf of the West Midlands Pension Fund) on the £25 million acquisition of the property in July 2011.
The 1980's mid-town office building comprises 51,000 sq ft arranged on ten levels. It is let to PriceWaterhouseCoopers until September 2013 but under-let floor by floor. The property is located in an improving area close to Land Securities' New Street Square, opposite the site of Goldman Sachs' proposed one million square feet HQ development and close to Farringdon Crossrail/Thameslink station.
Bill Tyser, Head of City Investment at Cushman & Wakefield, said, "The building will undergo extensive refurbishment, with the addition of a new floor. Our team will advise on development and use options, before marketing the property to potential tenants in the second half of 2014. Future growth in this sector of the City should be strong."
Source: Cushman & Wakefield