Fashion-loving property investors have the rare opportunity to acquire a famous office where supermodels and designers have visited, with the West End site that Vogue publisher Condé Nast is set to leave on the market.
It has emerged that property agent Knight Frank has been appointed by Condé Nast publications to sell the leasehold in One Hanover Square, known as ‘Vogue House’.
The company has been in the space for more than six decades and Kate Moss and Linda Evangelista are among the famous faces that have been in the building.
The planned sale comes after the publisher outlined relocation plans earlier this year.
Staff will be moving into The Adelphi, an existing office already used by the company in a move that brings everyone together under one roof.
The Church Commissioners for England, which oversees the Church of England’s assets, is the freeholder of One Hanover Square, and the freehold of the site, traditionally home to various publications such as Vogue and Wired, is not for sale.
More than £70 million is sought, according to real estate website React News, which first revealed the planned disposal by Condé Nast.
One option a buyer could look at is the potential to work on a scheme designed by architects at Orms to refurbish and extend the building to around 88,000 sq ft from 62,777 sq ft.
Despite many companies looking to downsize and post-pandemic hybrid working being very popular, property developers are betting that demand for new, modern and environmentally-friendly space close to good transport links will be still be high.
