London Office Space – Goldman Sachs

A section of the Goldman Sachs  office space London  is up for sale for an estimated sum of £300m. The office space in London, which acts as their regional HQ, is located on Fleet Street. This central location is very close to the river Thames, and is therefore a highly sought after premises. The building was the former office space of The Telegraph, and was put into receivership when the owners (Jesta Capital) defaulted on their loans in 2010. The 370,000 sq ft chunk of prime real-estate is highly likely to attract foreign investors who are looking to invest in London while the British currency is relatively low.
A spokesperson from Jones Lang LaSalle’s City investment team, who are tasked with marketing the property, recently told Property Week that:
“London is a huge focus for real estate investors globally at the moment. In 2010 London was the largest commercial real estate market for investment activity globally, generating £10.8 billion of transactions, of which £7.3 billion was overseas money. The London market is probably the most liquid international property market at present and we expect Goldman’s HQ to appeal to a wide range of investors from the US, Middle East and Asia Pacific.”