Sir James Dyson bags £26m London office building

Sir James Dyson, the billionaire inventor, has boosted the size of his London property empire with a £26 million deal, the Evening Standard can reveal.

Property sources said an investment vehicle linked to Weybourne Group, where Dyson is the majority shareholder, has bought the 100 Union Street office block between Southwark and Borough Tube stations.

It is a 19,437 square feet office building let to businesses including chopping board maker Joseph Joseph and produces rent of £1.2 million per year.

The private vendor was advised by property agent Springer Nicolas

Alastair Hilton of South Bank agent Union Street Partners said the area, dubbed SoBo by local estate agents, is “becoming a destination for a wide variety of occupiers from tech to finance”.