We are working for world famous architect TP Bennett on the redevelopment of their offices in Southwark Street who has bought 59.5 Southwark Street, a vacant office, from the City of London Corporation for £13.52 million, reflecting £439 per square foot. 

Prominently located on the corner of Southwark Street and Southwark Bridge Road and five minutes’ walk from Borough station, it comprises 30,827 square feet of office accommodation arranged over lower ground, ground and three upper floors, and was sold with full vacant possession. 

TP Bennett has bought the building for its own occupation. That would follow the successful acquisition and then sale and leaseback of its current headquarters at 1 America Street in Southwark. It bought the building in 2005 for £11 million and then carried out a sale-and-leaseback in 2014 to Abrdn for £30 million. It occupies 35,000 square feet at the building.