Greycoat and Cheyne Capital buy Salisbury Square House

Greycoat has successfully completed the acquisition of KPMG’s London headquarters in partnership with Cheyne Capital.

The property, situated to the south of Fleet Street in London’s Midtown district, was purchased from German fund, Deka. Originally developed by Land Securities in the late 1980s, the building comprises approximately 120,000 sq ft of offices over basement, lower ground, ground and seven upper floors.

Dan Higginson, Director at Greycoat said “the underlying quality of this asset presents a fantastic opportunity to create high specification office space through extensive refurbishment, extension and repositioning. With a host of new occupiers moving to the local area, and the arrival of Crossrail at Farringdon in 2018, this property sits at the heart of one of London’s most dynamic sub-markets.”