Canadian investor Ivanhoé Cambridge has announced the acquisition of 21 Lombard Street, an office property located in the City of London, from an undisclosed seller for £130 mln (€175 mln).
Canadian investor Ivanhoé Cambridge has announced the acquisition of 21 Lombard Street, an office property located in the City of London, from an undisclosed seller for £130 mln (€175 mln).
21 Lombard Street is a Class A core asset, offering 116,000 sq ft (10,775 m2) of leasable space. The property is leased entirely to UBS Global Asset Management on a long-term basis.
'We are very proud of this acquisition, our third office property in the City of London in less than six months,' said Meka Brunel, executive vice president, Europe, at Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec.
She added: 'We remain focused on a clear investment strategy of building a critical mass of quality office assets in London, alongside our partner Greycoat.'
DTZ represented the seller in the transaction, while Greycoat and Knight Frank acted for Ivanhoé Cambridge.
