Stenprop sells Euston House for £95m

By Guy Montague-Jones2019-01-10T17:10:00

Stenprop has agreed to sell Euston House in central London to a joint venture between French-listed Eurazeo and London-based Arax Properties for £95m.

The art deco office building, located opposite Euston station, was put on the market through Gerald Eve in September for £90m, reflecting a yield of 4.9%.

Stenprop is selling the 113,000 sq ft office block as part of its drive to raise funds to pursue its new industrial-focused strategy.

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