98 Theobalds Road, WC1

98 Theobalds Road was acquired off-market on behalf of WELPUT in 2010. The building was let on a short term lease to Warner Brothers Entertainment as its main European headquarters.

In 2012, Grafton Advisors agreed a five-year lease extension with a tenant’s option to extend for a further five years. In 2016, the lease was re-geared again securing Warner until 2034 in one of the largest occupational deals of the year. The deal eliminated refurbishment and letting risk on the building and secured a long term income stream.