A Credit Suisse Asset Management Global Real Estate fund has acquired Panther House in London to develop a mixed-use scheme.
The manager has paid an undisclosed amount to buy the 156 – 164 Gray’s Inn Road, Farringdon asset from Argo Real Estate, Investec and Dukelease.
Credit Suisse said three neighbouring buildings will be redeveloped. The project will include 82,000sqft of office, residential and retail space.
Dukelease has appointed as development manager for the development project.
Jin Cui, head of asset management UK at Credit Suisse Asset Management Global Real Estate, said: “We are delighted to have acquired this outstanding property in the heart of Farringdon.
Delivering this scheme fits fully within our UK strategy of delivering high-quality office space in core locations in major cities.”
This is the third acquisition in the UK since Credit Suisse Asset Management Global Real Estate appointed a real estate team in the UK in 2019. The previous acquisitions include 120 Edmund Street in central Birmingham and a 23-acre site in Bracknell, Berkshire.
The Credit Suisse Asset Management Global Real Estate‘s portfolio in the UK now totals 19 properties.
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