Telgraph’s London office has been put on the market for £200m.
The centrally located office at 111 Buckingham Palace Road in Victoria was part of a package of buildings which was sold in 2008.
Previously, the London office was owned by a company who had connections with convicted property fraudster Achilleas Kallakis.
Greek businessman Kallakis bought the Telegraph block in August 2007 from the Barclay Brothers for £224m.
However in 2012, Kallakis and his business partner were convicted of defrauding AIB and another bank of £61m.
During the financial crisis the Victoria building was taken over by present owners, Dublin based Green Property.
The building which is currently let to the Telegraph Media Group – the publisher of the Daily Telegraph, uSwitch and The Metropolitan Police.
The Victoria building, which is opposite Google’s office at Belgrave House, is set to have a rent review in 2016. Current rent is costed at a guide of £40 per sq ft.
Developed in 1983, the building was significantly refurbished in 2003 and has a contemporary feel.
The office space has a ground level security office, private ‘Sky Lobby’, onsite parking, in-house cafe and restaurant.
The 230,000 sq ft of office space is expected to receive offers in excess of £200m.
By: Kirsty MacGregor
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