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Eland House in Victoria SW1

Eland House in Victoria SW1

October 2011
Entrance to Eland House

Entrance to Eland House

October 2011
Eland House

Eland House

October 2011

Eland House

Address:
Bressenden Place, London SW1E 5DU
Type:
Commercial
Completion:
1995
Viewed:
11929

Description of Eland House

Eland House is an office building in Victoria, London SW1.

Redeveloped and renamed "Verde".

HISTORY
Completed in 1995, Eland House was one of the first steps in Land Securities' regeneration of Victoria that has been growing in momentum ever since. It spans over 23,500 square metres in the heart of Victoria, complementing nearby Portland House and just down the road from the spectacular mixed-use development at Cardinal Place. Since opening, it has been home to the Department of the Environment and the Office of the Deputy Prime Minister.

Net Internal Areas:
Office: 23,510 sq m (253,090 sq ft)

Source: landsecurities.com

Connected Companies

Developer:
Architect:

Buildington Rating & Notes

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News & Comments: (1)

Buildington
2012/01/19 16:16

Land Securities has sold Eland House, SW1, from its London Portfolio for £171.1m to Tishman Speyer. The building sits on Bressenden Place and is located just outside the completed Cardinal Place scheme and opposite the proposed Victoria Circle scheme.

Built by Land Securities in 1995, Eland House comprises 253,000 sq ft let to HM Government and currently houses the Department for Communities and Local Government (DCLG). The building is let under a lease expiring in 2021 with a tenants break clause in 2016 at a rent of £12.35m per annum. The sale reflects a capital value per square foot of £676.

Commenting on the sale Robert Noel, Managing Director of the London Portfolio said:
“Eland House does not form part of our ambitious masterplan for Victoria. The proceeds from the sale will be recycled into other opportunities within the portfolio.”

Julian Stocks, Managing Director, UK Tishman Speyer said: “We are delighted with this latest addition to our London portfolio which follows recent purchases in Frankfurt and Paris. Eland House is a Grade A office building in a great location which will improve further as Land Securities develop their Victoria Circle Scheme”.

CBRE acted for Land Securities and Jones Lang LaSalle advised Tishman Speyer.

Source: landsecurities.com

*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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