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Derwent London has exchanged contracts for the disposal of the freehold interest in 57 Broadwick Street, London W1 to Shaftesbury plc for £30.75m before costs.

The property provides 24,900 sq ft of office and retail accommodation. The office component set over ground, first to third and part fourth floor of the podium comprises 23,200 sq ft and is let on a lease to Jaeger London Limited due to expire in June 2015. The retail element totals 1,700 sq ft and is currently let to Comptoir Soho Limited until June 2015.