Temasek paying one of the highest rent

[steffychun]

http://www.independent.co.uk/news/b...ks-out-highest-rent-in-six-years-8792535.html

Property-industry sources told Estates Gazette that the firm is paying more than £125 per square foot for the top two floors of Standard Life Investment's King Street building at St James's. The huge rent deal is the biggest since the 2007 boom high of £140 per sq ft when Permal Investment Management Services signed for space at 12 St James's Square, SW1.

 

[syed putra]

Is this correct? GBP125/ sq ft rental. Not purchase? Is it per year lease and not monthly most likely.

 

[steffychun]

Is this correct? GBP125/ sq ft rental. Not purchase? Is it per year lease and not monthly most likely.

yes still damn expensive

 

[THE_CHANSTER]

The St James' area of London is home to the Hedge Fund and Alternative Investment fraternity in the UK. Rents here are some of the most expensive in the West End.
If Temasek wants to play with the big boys, they clearly are looking for a prestigious location and 23 Kings Street SW1 certainly fits the bill.

 

[rushifa666]

if we were to start a thread on the stupidity of that jinx we'll be here till next year

 

[makapaaa]

Paying 'too low' will make me and my wife lose face OK? *chey*​

 

[zhihau]

if we were to start a thread on the stupidity of that jinx we'll be here till next year

hmm... where shall we begin? micropolis?

 

[THE_CHANSTER]

How about we kick off with the Suzhou Industrial Park? our biggest white elephant of the 1990s.