Description of Portman House
Portman House provides 146,550sq ft (13,615m2) of multi-tenanted offices and retail accommodation at a total rent of £11.5million per annum. The property is held on a long lease from The Portman Estate for a term expiring 2152.
The 101,857 ft2 (9,462 m2) of air-conditioned office space is located over the second to seventh floors and is let on leases with 3 to 7 years unexpired and passing rents of £49.50 to £80.00 per sq. ft. The 44,695 ft2 (4,152 m2) retail accommodation is located over the ground and first floors and is let to New Look, Russell & Bromley and Boots the Chemist.
June 2009 - The building was sold by Land Securities to Kinloss Property Limited, a wholly owned subsidiary of the Libyan Foreign Investment Company (LAFICO), for £155 million (yield of just over 7.0%). James Andrew International advised Kinloss Property Limited (LAFICO). [Source: Land Securities]
Businesses in the building
- New Look
- Russell & Bromley
- Boots pharmacy
Updated: October 2011