German investor Deka Immobilien has sold Salisbury Square House in London to a joint venture of UK asset manager Greycoat and its investment partner Cheyne Capital for an undisclosed amount.
German investor Deka Immobilien has sold Salisbury Square House in London to a joint venture of UK asset manager Greycoat and its investment partner Cheyne Capital for an undisclosed amount.
Developed in 1989, Salisbury Square House was acquired by Deka in 2003 on behalf of its Deka Immobilien Global open-ended property fund.
At the time the investor paid £65 mln to landlord Land Securities for the asset, which was and still is occupied by accounting firm KPMG, with a lease expiring in 2015.
The building provides a total of 11,000 m2 of space in the City of London.
