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Hermes buys Baskerville House for £42.5M.

Hermes, under the influence of Knight Frank has agreed to purchase Baskerville House in heart of the city for a round sum of £42.5m. This is a 6.86% increase in the initial value of the asset. The agreement concludes a long- drawnHermes, under the influence of Knight Frank has agreed to purchase Baskerville House in heart of the city for a round sum of £42.5m. This is a 6.86% increase in the initial value of the asset.

The agreement concludes a long- drawn out process that began over the past year when the administrator of the building Deloitte delegated Franc Warwick to put up for sale the 250-year lease of the building which measures about 196,000 sq ft.

Posted by The Editor (wantspacegotspace) on 13th November 2012

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