Investment

Marylebone Place Relaunched for Sale Following UBP Lease Restructure

The freehold of Marylebone Place at 1 Wyndham Street has been returned to the market after a restructuring of the current lease.
Vendors are TPG Angelo Gordon and Beltane Asset Management; sole tenant is Union Bancaire Privée (UBP); joint marketing advisors are CBRE and Michael Elliott.
74,833 sq ft of Grade A office space; 100% occupied; lease term extended to 2041 with the break clause removed.

Joint venture partners TPG Angelo Gordon and Beltane Asset Management have officially re-marketed Marylebone Place following a key lease restructure on the central London asset. Originally brought to market in late 2025, the 74,833 sq ft commercial office property is entirely let to Swiss private bank Union Bancaire Privée (UBP). Under the newly renegotiated terms, UBP has removed an upcoming lease break clause, locking in a firm commitment to occupy the building through to 2041. Advisors CBRE and Michael Elliott have been retained to market the freehold interest, positioning the asset as a rare, ultra-long income core opportunity within London's West End submarket.

The lease restructure changes the investment case by reducing near-term occupational risk and providing greater visibility over income. It may broaden the pool of potential buyers to include institutions and other core investors seeking central London exposure backed by a financial-services covenant.

CIT Puts Prime City Asset 12 Arthur Street on the Market for £124.5m

* CIT Group is bringing 12 Arthur Street, a 103,827 sq ft multi-let office building in the City of London, to market with CBRE instructed as sole selling agent, at a quoting price understood to be £124.5 million. * The pricing reflects a net initial yield of approximately 5.

Bahrain's Blacksand Buys WeWork-Let City Office 51 Eastcheap for c.£70m

* Blacksand, the Bahrain-based investment firm, has acquired the freehold of 51 Eastcheap, EC3, a 89,459 sq ft City of London office building let entirely to WeWork, for approximately £70m * Seller was a joint venture between Polus Capital Management and Greycoat, which had themselves acquired the asset out of

Deutsche Bank Signs 15-Year Lease for c.150,000 Sq Ft at YY London, Canary Wharf

* Deutsche Bank has agreed a 15-year lease on approximately 150,000 sq ft across five floors (levels one to five) at YY London, 30 South Colonnade, Canary Wharf, with occupation expected from early 2028 * Building owners Oaktree Capital Management and Quadrant Estates were advised by Knight Frank and CBRE

KKCG Real Estate Completes £291m Purchase of BP's London Headquarters at 1 St James's Square

* KKCG Real Estate Group, the property arm of Czech billionaire Karel Komárek's investment group, has completed the acquisition of the 1 St James's Square freehold in London's West End for £291m from Hong Kong-listed Lifestyle International Holdings * Sellers were advised by JLL and

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CIT Puts Prime City Asset 12 Arthur Street on the Market for £124.5m

Bahrain's Blacksand Buys WeWork-Let City Office 51 Eastcheap for c.£70m

Deutsche Bank Signs 15-Year Lease for c.150,000 Sq Ft at YY London, Canary Wharf

KKCG Real Estate Completes £291m Purchase of BP's London Headquarters at 1 St James's Square