The site, which is known as Lucent, comprises 188,000 sq ft of mixed-use space, of which the offices make up 126,000 sq ft. The office space includes Landsec’s flexible office brand MYO, and Verition Fund Management, which leased the third floor in 2024.
Savills, alongside investment bank Lazard, has been jointly appointed by London-listed REIT Landsec to sell the freehold of its one-acre island site at London’s famous Piccadilly Circus, which includes newly developed offices, prime retail units and the land that underpins the famed Piccadilly Lights, for a guide price of GBP450 million ($764.39 million).
This would currently make it the largest single sale in the West End of London since 2022.
