Lone Star Buys 90 Whitfield Street Fitzrovia from Derwent London for £110.5M

The 5.0% net initial yield reflects current market pricing for well-specified, sub-100% occupied West End offices with near-term asset management potential. The WAULT to break of 3.7 years and passing income of £5.9 million per annum provides Lone Star with a running income return while it pursues lease-up and potential repositioning. The sale is marginally below Derwent's December 2025 book value and forms part of the company's £1 billion disposal programme to recycle capital into development.