Commercial Property News

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Wednesday, May 31, 2023

Allsop advise Dorrington Properties on 34m purchase

Dorrington Properties, advised by Allsop & Co, have purchased St Clare House, London, EC3 for 34m reflecting an initial yield of 6.1%.

The building is a 90,000 square foot tower and podium, which is multi let to 21 office occupiers together with 3 restaurants on the ground floor.

Robert Harris of Dorrington commented "This kind of space offers fantastic value to occupiers, and the rents are cheap in an historical context. We believe that we will see good rental growth over the next few years."

Allsops acted for Dorrington and Strutt and Parker acted for Hemingway.