Helical Bar has sold Enterprise House to a private overseas buyer for £43 million.
Helical originally acquired the 45,000 sq ft Art Deco office asset in 2013 in a 20 year sale and leaseback transaction with Network Rail. The asset, which serves as Network Rail's London headquarters, had been comprehensively refurbished by Network Rail in the same year.
Duncan Walker, Helical Bar's Investment Director, commented:
"We are pleased to have sold Enterprise House, a mature asset in a strong location within Central London. This disposal enables us to capitalise on the strong London market, freeing up capital to deploy into our other London opportunities which will benefit from Helical's expertise in extracting latent value through development, refurbishment and asset management."