Wednesday, 30 March 2011

London landmark building in distress sale

The Adelphi, a landmark art deco building in London's West End, is up for sale following a covenant breach.

The famous high-rise building, located on John Adam Street, is to be sold by its owner Istithmar World - the investment arm of Dubai World – for an asking price of around £265 million.

Istithmar World has instructed CB Richard Ellis to sell the commercial property, which is currently leased by the Department for Work and Pensions, along with financial services tenants.

No comments:

Post a Comment