Crown sells 10 Bloomsbury Way

Forsters has advised The Crown Estate in relation to the disposal of its freehold interest in 10 Bloomsbury Way, London for £33 million to a German investment fund.

The property, which was originally built in 1947 as the headquarters of the Ministry of Defence, occupies an island site, fronting on to New Oxford Street, Bloomsbury Way and Bury Place. It is let to London & Regional Properties on a long leasehold with a 108-year unexpired term.

Having been comprehensively refurbished in 2015 to include a ninth floor, the building comprises 165,046 sq ft office space and 9,606 sq ft retail space which is sublet to tenants including The Office Group, online craft community network LoveCrafts, software consultancy Criteo and The Food and Drink Federation.

Commercial Real Estate partner Guy Jordan advised the Crown Estate.