Skip to main content Skip to footer

New owners secured for Farringdon office block following £17.6 million sale

161120KnightsQuarterHero

Colliers International’s City Investment team has sold 14 St John’s Lane, London EC1, on behalf of their private client to a European investor for £17.6 million. The price achieved, above asking, represented £895 per sq ft and an initial yield of 4.2 per cent.


The 19,664 sq ft property is known as Knight’s Quarter and is built on the old barracks site of the Knights of St John. The prime, corner office building is situated close to Farringdon Station, in one of the City Fringe’s most  popular locations and is leased to law firm Kingsley Napley at a rent of £790,000 per annum, reflecting a low overall passing rent of £40.17sq ft. Kingsley Napley has been based in the building for around 30 years, and is due to relocate next year to the firm’s new headquarters building on Bonhill Street. 

Dominic Amey, Head of City Investment at Colliers International, commented: “These are certainly unusual times, in which agents and buyers have adapted in order to continue working. We actually undertook inspections where some buyers viewed the building as a face on an iPad being carried around by their acting agent, but it didn’t affect our marketing and I’m pleased to say we achieved a great result for our client. I wish the new owner all the best. I believe they’ve acquired a superb asset in one of London’s most exciting locations.”

The buyer was represented by Jonathan Wallach of Everton Phillips.


Related Experts

Rebecca Allen

PR Manager

Marketing & Communications

London - West End

I have been working in commercial property communications for almost 10 years  having previously worked at CBRE and most recently Savills.

In my role at Colliers I am responsible for the PR of national capital markets, London agency and capital markets teams and investment property management.

My role includes:

  • Creating and exectuing PR plans for business lines that span press, marketing and digital channels
  • Media monitoring and reporting
  • Journalist relationship building through face to face meetings, phone calls day to day assistance with stories
  • Reputation management of the Colliers brand

 

 

View Expert