Twenty St James's

St James's SW1A
E
Mixed use building

Key Details

Address
20 St James's Street, London SW1A 1ES
Local Area
St James's
County
Greater London
Country
England
Buildings
1
Use Classes
E

Overview

20 St James's Street development in St James's, London SW1.

Originally built in 1926, the building has been redeveloped.

2013 December - Great Portland Estates plc sells 20 St James's Street for £54.5 million, reflecting a net initial yield of 2.1% and a capital value of £982 per sq. ft. for the leasehold interest. The purchaser was a single client account for a German Pension Fund managed by Pramerica Real Estate Investors. The 55,490 sq. ft. property was then partially let to seven office tenants and one retail tenant, producing a net rent of £1.2 million per annum. The office element had a current weighted average lease term of approximately 1.75 years. The property was held on a long leasehold interest (98 years unexpired) geared to 15% of rents received, subject to a base rent of £223,000 per annum. Toby Courtauld, GPE Chief Executive said at the time: "After purchasing 20 St James's Street in 2010 we were planning to refurbish the building in 2015 when we expect there to be limited supply of space in the West End. However, as a consequence of a strong off-market approach, it made financial sense for us to sell the property now and invest the proceeds into other schemes in our exceptional development programme".

2010 - GPE purchased the property for £42.5 million.

Also known as the Sweden House.

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Site & Location

Transport

TUBE
Green Park Underground StationJubilee, Piccadilly, Victoria
BUS
Pall Mall / St James's Palace

Team

Company
Type
Year
Architect
Developer

Timeline

News, events, milestones and offers from the new development
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News from the companies

Nearby new developments

Queen's House
 
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Queen's House - Stunning retail opportunity in the West End of London.
15.02.2024
1-2 St James's Street
 
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Berry Bros. & Rudd is set to open a new premium spirits store in Spring 2024. The main contractor, EC1 Build, is on site and is expected to complete the project this...
23.02.2024
Completion
2024
55-58 Pall Mall
 
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RED Construction is currently on-site opposite St James's Palace, where the existing buildings at 55-58 Pall Mall (also known as Quadrant House/Commonwealth House) and...
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Completion
2025
French Railways House
Developer GPE has now obtained vacant possession and will shortly commence the strip-out of the French Railways House.
23.01.2024
Completion
2026
Times Place
 
New appointment
Collins has been awarded the £8 million refurbishment and fit out of Times Place at 45 Pall Mall in London on behalf of J.P. Morgan. The 66,000-square-foot renovation...
06.07.2022
Completion
2024
The Ritz
 
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The main fit out works at the 22 Arlington Street building started in February.
15.02.2024
Completion
2027

Disclaimer

Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.