| 24 Chiswell Street, EC1 |
The freehold of this 6,725 sq m (72,390 sq ft) property has come onto the
market through DTZ. It is available for £30.75 million, reflecting a net initial yield of 7.75%. The building is multi-let to tenants including investment bank Carnegie & Co and construction company BAM Construct.
For the full building report click here. |
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| 125 Old Broad Street, EC2 |
The 18th and 19th floors totalling 2,063 sq m (22,209 sq ft) have been let to RenaissanceRe Syndicate Management. All lease terms remain confidential at this time. Only 4,663 sq m (50,196 sq ft) now remains available at the newly refurbished property. CB Richard Ellis, DTZ and Strutt & Parker are the joint letting agents.
For the full building report click here.
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| 19-22 Rathbone Place, W1 |
This entire building comprising 2,690 sq m (28,954 sq ft) has come onto the
market through Jones Lang LaSalle. A sublease is available until June 2015
at a rent of £35.00 per sq ft. The space is currently occupied by Aurora Fashions which plans to vacate the property within the next month.
For the full building report click here. |
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| 4-5 Paris Garden, SE1 |
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Threadneedle has sold this 4,532 sq m (48,782 sq ft) property to Pennyroyal Capital. It was sold for £14.7 million, reflecting a net initial yield of 8.34%. The property is fully let to Sungard Availability Services on a lease to expire in 2020. GVA Grimley acted for the buyer, MP2 advised Threadneedle.
For the full building report click here. |
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| 20 Birchin Lane, EC3 |
The entire third floor comprising 809 sq m (8,709 sq ft) has been let to Giles Insurance Brokers. The space was available on a sublease at an asking rent of £22.50 per sq ft but actual rental terms remain confidential at this time. Cushman & Wakefield and King Sturge were the joint letting agents.
For the full building report click here. |
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| 10 Furnival Street, EC4 |
The freehold of this 6,949 sq m (74,804 sq ft) property has been placed under offer by an undisclosed prospective purchaser. The multi-let building was put onto the market last month at an asking price of £35 million. Allsop advises the vendor, Schroders.
For the full building report click here. |
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| Further Information |
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For further information on this newsletter from EGi London Offices please contact:
Jennifer Islip
t: 020 7911 1890
e: jennifer.islip@egi.co.uk
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