News

Crown Estate and Norges acquire leasehold on JLL’s West End HQ

By 2018-06-19T11:25:00

JLL, Warwick Street

The Crown Estate and Norges Bank have acquired the long leasehold interest in JLL’s UK headquarters at 30 Warwick Street.

The Crown Estate, which already owns the freehold on the property, has acquired a 75% stake of the leasehold interest from Aviva Life & Pensions UK and Canada’s Public Sector Pension Investment Board. Norges, which is Norway’s $1tn sovereign wealth fund, has paid £28.8m to acquire the other 25% of the leasehold in a deal which values the building’s long leasehold interest at £115m.

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