Welcome to

Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.


Another overseas investor sees Central London as a safe place to park its money!

17th December 2012

Another overseas investor sees Central London as a safe place to park its money!

Azerbaijan has recently completed its debut deal in Europe, paying £177 million for a Central London office block. The building is let to HSBC bank until 2023 and consists of 188,600 square feet in the upmarket St James district.

This follows a trend: sovereign wealth funds from Qatar, Malaysia and Norway have spent billions of pounds on offices and shops in Central London in recent years, seeing it as a safe place to park money. Britain’s relatively stable political and legal climate has helped buoy prices for the most sought-after commercial property.

Offices in St James have proved to be popular with hedge funds and private wealth managers, with office rents reaching £85.00 per square foot at the market’s prime, making offices in St James among the most expensive in the world,’’ comments Rhodri Mason, graduate surveyor at Morgan Pryce, London’s commercial property agent.

Azerbaijan, officially known as the Republic of Azerbaijan, is the largest country in the Caucasus region. Previously known as the Azerbaijan Democratic Republic, which was established in 1918, it was incorporated into the Soviet Union in 1920. Azerbaijan then regained independence in 1991. The building in St James was bought by the country’s $33 billion state oil fund.

Morgan Pryce is a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants. 

Login and get FULL AND FREE ACCESS to our unique Knowledge Centre.

Morgan Pryce treats personal information safely and securely. Read more about how we store and protect information in our ​Privacy Policy​.

Forgot your password?

Please enter the email address used to create your account and follow the instructions to recover your password.

Didn’t receive an email? Check your spam inbox!

Create Your Account

Instructions have been sent to

Well Done!

Please check your inbox for a confirmation email.
You can manage your account details, email alerts and shortlists directly from your account.

or continue browsing


Thank you for confirming your email address! You are now subscribed to our Newsletters.

By continuing your browsing on our site, you agree to the use of cookies to perform visit statistics. Read more about our ​Cookie Consent Policy.