Man Utd London HQ for sale

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Stratton House in Piccadilly, opposite Green Park Tube and the Ritz hotel, is being sold by the West End of London Property Unit Trust (Welput) - a fund managed by Schroders - according to property industry sources. Strutt & Parker and DTZ are understood to be the joint agents handling the sale.Man Utd, bought in 2005 by Malcolm Glazer, pictured, moved into the building last year, taking up 11,500 square foot after outgrowing their base in Pall Mall.

Jersey-based Welput originally bought the property for £82.5 million in 2005. The fund, recently paid £65 million for Warner Brothers' Theobald's Road headquarters in Holborn.

An extensive refurbishment of Stratton House was completed in 2009, including a luxury penthouse apartment sold to an overseas buyer for nearly £30 million, then a record the area. One source close to the deal said: "This is prime freehold, it's brand new and it has all the attributes to appeal to any overseas buyer."