A UK real estate investment venture created by Conren Land, Indigo Invest and Dartriver London has bought a mixed-use building in London from hotel developer and operator Whitbread.
CLI Dartriver London, has bought the Zinc office and retail building at 68-86 Farringdon Road in a £39.8m (€46m) forward funding deal.
Upon completion, scheduled for early 2023, Zinc will comprise a total net area of 2.600sqm distributed over the first floor and five upper floors.
Roman Klasen, managing director at Conren Land, said: “Zinc is an exceptional building that will make its mark on the vibrant Farringdon district. That’s why this deal fits so well with Conren Land’s strategy for European cities: we acquire buildings which add real value both in terms of architecture and use to the surrounding area.”
In March 2020, Dartriver London teamed up with German investment firms Conren Land and Indigo Invest to build a £1bn London real estate development and investment portfolio. The trio created CLI Dartriver to invest predominantly in office and some mixed-use assets.
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