UK privately-owned boutique asset manager Beltane has acquired a 100,000 sq ft (9,300 m2) office block in London's Southwark district in a joint venture with Angelo, Gordon & Co.
UK privately-owned boutique asset manager Beltane has acquired a 100,000 sq ft (9,300 m2) office block in London's Southwark district in a joint venture with Angelo, Gordon & Co.
Financial details were not disclosed.
The property, located at 42 Southwark Bridge Road just 400 metres south of the River Thames, was acquired in an off-market transaction from M&G Real Estate.
The five-storey building is let to Sunguard Availability Services until January 2018.
Beltane co-founding partner Duncan Roe said: 'We having been looking to acquire a building on the South Bank for some time and are delighted to have secured a property of this size and with such potential. While the tenant is still in occupation we will now spend time working up the strategy to deliver the best returns from a building in this much sought-after area.'
GM Real Estate advised M&G Real Estate.
