Investment Case Studies

Warwick House & Pembroke House

‘Warwick House’ and ‘Pembroke House’, Kensington Village, London W14 forms part of the 320,000 sq.ft Kensington Village office campus which was extensively refurbished and part redeveloped in 2000.

The two buildings in total comprise approximately 135,000 sq.ft and are let to Leo Burnett who are part of the Publicis Group, the world’s fourth largest communications company. The passing rent totals £3.79m per annum exclusive.

Cyril Leonard advised on the sale of both buildings in 2008 for a total consideration of approximately £64,000,000 reflecting net initial yields of 5.67% for Warwick House and 5.75% for Pembroke House respectively.

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