Member Article

Madame Tussauds site under offer from Taiwanese investor

Madame Tussauds, one of London’s most popular tourist attractions is under offer from a Taiwanese investor.

Commercial property millionaire, Nick Leslau put the Marylebone building, which has been home to the waxwork museum for 130 years, on the market through agents CBRE in February with an asking price of £320m.

Taiwanese insurer Fubon Life has made a bid to acquire the site, according to Estates Gazette.

The building currently belongs to Secure Income Reit, which floated last year with a £1.5 billion portfolio including Alton Towers and Thorpe Park in Surrey. Leslau’s Prestbury Investments advises Secure.

Tussauds generates £15.5m a year in rent and the waxworks’ lease runs for another 27 years, with the option to extend by a further 70.

This was posted in Bdaily's Members' News section by Ellen Forster .