The Victoria Beckham fashion venue in London sold the investor in the Middle East - Evening Standard

The headquarters of Victoria Beckham in London were sold to an investor in the Middle East for 16.8 million pounds sterling, the Evening Standard may reveal.

SRG Holding, a CBRE agent client, bought 14,746 square feet or the 202 Hammersmith Road office block from Aberdeen Standard Investments. It is used by the Beckham fashion empire that moved last year.

The building is in the heart of the commercial district of Hammersmith, with nearby occupants, including Walt Disney and L & O; Oréal.

Savills data, which advised the seller, indicates that Middle East investment in commercial property in London should reach 1.38 million pounds in 2018. This increases by 30% from the previous year.

Jonathan O. Regan, director of the Central London investment team at Savills, said: "We received a strong interest from both international and domestic capital for this high-profile investment."

Ed Bradley, head of the West End investment at CBRE, said 202 Hammersmith Road would be "a great complement" to the British SRG portfolio.

Foreign buyers have recently been attracted to the weakest pound doing more tempting deals, high demand for occupancy for offices, and increases in income.

This year's offers included Sidra Capital's Saudi firm for £ 94 million from Weston House offices in Holborn and Qatar's Hospitality Katara by buying the Grosvenor House in Mayfair for an undisclosed amount.

More about:

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Commercial property

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Business

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Savills

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CBRE

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Victoria Beckham

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