CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

WeWork Capital Advisors Instructs Cushman & Wakefield to Sell 51 Eastcheap, London EC3

25/07/2022
London, 25 July 2022 – Real estate services firm Cushman & Wakefield has been appointed by WeWork Capital Advisors to sell 51 Eastcheap, a rare freehold, long-income investment opportunity in the heart of the City of London. 

51 EastcheapSince WeWork Capital Advisors purchased 51 Eastcheap in 2017, the building has undergone significant refurbishment works which saw it stripped back to the structural frame and reconfigured to offer 89,459 sq ft of high-quality, built-to-suit office accommodation, arranged over basement, ground and eight upper floors.  51 Eastcheap provides a number of terraces on the first, seventh and eighth floors, with an additional large roof terrace offering excellent views of London. The building also boasts strong sustainability credentials with an EPC rating of B and BREEAM ‘Very Good’. 

Andrew Hawkins, International Partner, London Capital Markets at Cushman & Wakefield, said: “51 Eastcheap offers the contemporary ‘industrial-style’ office space desired by modern creative industries and has grown to become one of WeWork’s top performing City of London sites. The appetite for quality, well-let assets with strong sustainability credentials such as this is high among investors, and we anticipate significant interest from a broad range of parties.”  
The property is solely leased to WeWork under a long-term lease agreement expiring in 2039 (unexpired term of 16.7 years), backed by a robust parent company guarantee structure. The current passing rent is £6.27 million per annum, with a fixed rental uplift to £6.40 million in February 2023 with five-yearly, upwards-only open market rent reviews from February 2024. 

Cushman & Wakefield are leading investment advisors in the Central London capital markets, having advised on £2.6 billion worth of transactions in 2021. 

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture.  For additional information, visit www.cushmanwakefield.com.

MEDIA CONTACT

Richard Coleman, Head of Communications EMEA
Richard Coleman

Head of EMEA Communications • London

What's new

Sally Allsop headshot.png
Cushman & Wakefield’s Valuation & Advisory Team Strengthens Further With Partner Hire

Sally Allsop joins from Cluttons and will be based in Manchester.

Lauren Joselyn • 08/10/2025

UK London City
Occupiers Focus On The Core As The City Breaks Record For Central London Office Leasing Deals

The City of London set a new record for office leasing deals in a calendar year with 339 transactions over 5,000 sq ft in 2024.

Lauren Joselyn • 24/04/2025

cardboardmain_Streets_Across_The_World_2019ver2
Iconic European Streets See 83 New Luxury Store Openings Despite Ongoing Luxury Market Transition

The European luxury retail real estate market continues to show resilience with further store openings in 2024 despite another year of transition in the luxury retail market, according to Cushman & Wakefield’s European Luxury Retail 2025 report.

Richard Coleman • 03/03/2025

More Insights

pillows on hotel double bed
MarketBeat

Hospitality Market Trends & Data

The latest hospitality market insights are based on the in-depth analysis of our extensive data sets, surveys of investors, operators and lenders and up-to-date market intelligence from our team members on-the-ground in all major European markets.

Bořivoj Vokřínek • 26/03/2025
24053_Inclusive Cities EMEA Campaign_Web Card.png
Research • Sustainability / ESG

Elevating Manchester’s Urban Inclusivity

Here at Cushman & Wakefield, we have been evaluating the inclusiveness of 44 cities across EMEA including Manchester through analysis of 110 detailed metrics. These range across economic, social, spatial and environmental dimensions.
Caroline Baker • 16/07/2024
Young people around table with laptop
Research

UK Student Accommodation Report

The Student Accommodation Annual Report provides insight into the trends in student accommodation demand, supply and investment during the year to date.
David Feeney • 26/09/2023

NEED COMMERCIAL REAL ESTATE ADVICE?

Contact our team for the latest on the real estate markets.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS