Kensington Court sale and leaseback for Warner Music Group
Forsters has advised Warner Music Group, including global music publishing company Warner/Chappell Music, on the sale and leaseback of 46 Kensington Court W8 to the John Lyon's Charity. The purchase price was £22.606 million, with an initial annual rent payable under the 15 year lease back to Warner/Chappell Music of £790,000.
The building, which is a Grade II listed former electricity generating station, was originally constructed in the 1880s and comprises 16,000 sq ft of office space.
Commercial Real Estate partner, Glenn Dunn, led the team advising on the sale assisted by Lorna Dolan.