Drapers Gardens
City of London
Throgmorton Avenue, London
Prime office
£242.5m (5.2% yield)
£285m (4.5% yield)
Drapers Gardens is a 270,000 sq ft prime office building in the City of London. Following acquisition, Evans Randall oversaw the resolution of some outstanding development issues and the completion of the tenant’s fit out and occupation.

The property is let on a rare 25 year fixed term lease to BlackRock, the world's largest investment manager and is underpinned by robust fundamentals.

With the tenant in occupation and with all outstanding development issues resolved the asset represented an absolute prime central London office investment that was subsequently sold to one of the world’s largest sovereign wealth funds.