Buildington
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Schomberg House

Address:
80-82 Pall Mall, London SW1Y 5ES
Type:
Commercial
Completion:
1698
Viewed:
1440

Description of Schomberg House

Schomberg House is an office building on Pall Mall in London SW1.

History

Named after Duke of Schomberg, for whom the original house was built for in 1698. The current facade is a reconstruction, which completed in 1958.

References
1. British History Online british-history.ac.uk - Pall Mall, South Side, Past Buildings: Nos 80-82 (consec.) Pall Mall, Old Schomberg House.

Connected Companies

Sales:

News: (1)

Swiss AFIAA Foundation for International Real Estate Investments has bought Schomberg House office building for its portfolio as part of a share deal.

The seller is PGIM Real Estate, the property investment manager of Prudential Financial, on behalf of institutional investors. Both parties agreed confidentiality with respect to the purchase price. The property in Pall Mall 80 - 82 with approximately 3,500 square meters rental space (approximately 37,300 square feet) was built in 1956 and is a historical building in a key location in London’s West End in St. James. It was renovated comprehensively in 2007.

Ingo Bofinger, CEO at AFIAA, commented: “With the purchase of Schomberg House and the sale of Quartermile, we are moving forwards with our focused growth strategy. What is more, we have again demonstrated our ability to successfully carry out off-market transactions for our portfolio. We succeeded in reinvesting the proceeds from a property in Edinburgh which was no longer in line with strategy in the same currency area within a very short period of time.”
Bofinger added: “Previously we were represented with two properties in London City. On the other hand, Schomberg House is in London’s West End. This means that we have achieved diversification within the city. St. James is also one of the sub-markets with the highest level of stability in London. All these characteristics make the property an ideal addition to our portfolio.”

14/09/2017 16:20 by Buildington

*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.

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