Office

Park House, Finsbury Circus, London EC2

 

Price: £150,250,000 - Initial Yield:5.50%

Date: Q1 2012

Acting on behalf of Deutsche Asset & Wealth Management we advised on the purchase of this high quality investment from M&G Real Estate for £150.25m, reflecting a net initial yield of 5.5%.

The property is Part Grade II Listed and was comprehensively redeveloped in 2007 to provide 196,376 sq ft of Grade A office accommodation arranged over lower ground, ground and 7 upper floors with 3 retail units at ground floor level. Held by way of long leasehold from the City of London Corporation, the property is currently let to 8 tenants on 10 leases at a total passing rent of £9,065,076 p.a. Tenants include Cisco, Bloomberg, City Index and Hugo Boss. 

Contact

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk


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