The property, held on a long leasehold with 122.5 years unexpired, was designed by Sir James Stirling, and offers more than 93,500 sq ft of Grade A office space with 100% occupancy since completion in 1999. Located in the heart of St James’s, Stirling Square is multi-let to four globally recognised tenants and benefits from substantial reversion, with an average passing rent of only £134 per sq ft, and nearby prime rents in excess of £225 per sq ft. There is an opportunity for an incoming investor to drive near-term returns, with 65% of the office income due for review within the next two and a half years.

Arranged over lower ground, ground and five upper floors, the landmark island site building also benefits from external terraces on four of the office floors. The property is accessed via a double-height reception facing Carlton Gardens and sits between two private garden squares to the east and west.

Oliver Bamber, director in Savills Central London Investment team, comments: “This is a rare opportunity to buy a highly desirable trophy asset in St James’s with an unblemished track record of occupation. There are very few buildings in the area that offer Grade A floorplates over 10,000 sq ft, and most of the rents were agreed in 2021 so there is significant scope for performance during the near term.”