Deals

Westbrook puts up for sale £500m London office

New York based-Westbrook Partners is seeking to sell Shell-Mex House, a large office building in London, two years after paying £494 million ($831 million; €582 million) for the property.

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Westbrook Partners is looking to sell Shell-Mex House, a large art-deco office building on The Strand in London, for approximately the same price as it sold it for just before the advent of the credit crunch.

The firm has appointed local property services firm Tudor Toone to discreetly market the 550,000 square foot property to companies including Financial Times publisher Pearson, for more than £500 million.

New York-based Westbrook bought the property from a consortium including UK property entrepreneurs Robert and Vincent Tchenguiz, David and Simon Reuben and Jack Dellal in July 2007.

Shell-Mex House was on the market for more than a year before Westbrook purchased it.