Great Portland Estates sells 55 Wells Street, W1
Great Portland Estates plc (“GPE”) announces that it has exchanged contracts to sell 55 Wells Street, W1 to an overseas investor for a headline sale price of £65.46 million, equating to £64.60 million after deduction of tenants’ incentives and vendor top ups. The headline price reflects a net initial yield of 3.99% and a capital value of £1,674 per sq ft. Completion is scheduled for 19 October 2018.
