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Telereal Trillium to sell £550m RBS portfolio

Telereal Trillium to sell £550m RBS portfolio

20 September 2013

Telereal Trillium has appointed CBRE to advise on the sale of a UK-wide property portfolio, which includes a number of landmark London buildings.

The Hyperion portfolio comprises 55 assets and includes flagship properties such as 440 Strand, 63-65 Piccadilly and 97 New Bond Street.

CBRE will be guiding the purchase price of £550 million.

Graeme Hunter, Group Property Director, Telereal Trillium commented:

“With conditions in the financial and property markets improving, the appetite for this type of high-quality property investment has grown significantly amongst UK and international property investors, making now the right time to bring this product to market.”

Peter Arduino, Executive Director, CBRE added:

“Hyperion is a unique opportunity to acquire a diverse portfolio, by sector and geography, including the iconic property at 440 Strand. We believe this diversity coupled with the long-term security of the RBS tenancy makes this portfolio a fantastic investment prospect.”

The assets are predominantly let to Royal Bank of Scotland until 2037, and have leases benefitting from annual RPI rental uplifts and average unexpired lease terms in excess of 22 years.