Burberry HQ sale agreed for £131.8 million to overseas investor
The building that has been Burberry's long-term head office has been sold for £131.8 million to an overseas investor, with completion scheduled for June 2026.
Derwent London, the commercial real estate group, bought the 164,900 sq ft Horseferry House, SW1, in 2005 for £34 million, subsequently completing a substantial refurbishment and pre-letting the building to Burberry as their global headquarters.
At the end of 2025, Burberry’s lease was extended by five years to 2043 (with no breaks) and incorporated two new five-yearly fixed rent uplifts in 2033 and 2038.
The sale price was marginally below the December 2025 book value, Derwent disclosed. It has been reported that the building was sold to Indonesian developer Sinar Mas, a major Indonesian conglomerate with operations across multiple sectors.
Paul Williams, Chief Executive of Derwent London, said: "Our disposal of Horseferry House crystallises a c. 8.4% internal rate of return (the annualised return an investment is expected to generate) over our 21-year ownership."
Burberry reported in January that its revenue grew by 1% to £665 million for the 13 weeks ended 27 December 2025, with retail sales up 3%, as its ‘Burberry Forward’ strategy gains momentum.
