AIM-listed property investment company London & Stamford (L&S) said on Thursday it has completed the acquisition of One Fleet Place, EC4, London from Legal & General Assurance for £74 mln (EUR 80 mln). The deal was first announced at the beginning of January.
AIM-listed property investment company London & Stamford (L&S) said on Thursday it has completed the acquisition of One Fleet Place, EC4, London from Legal & General Assurance for £74 mln (EUR 80 mln). The deal was first announced at the beginning of January.
The 170,000 sq ft (16,000 m2) prime City of London office building is mainly let to Denton Wilde Sapte until 2025, at a rent of some £36 per sq ft, representing a yield of 7.75%.The purchase is expected to complete shortly after conditions have been satisfied, L&S said.
King Sturge acted for L&S while Jones Lang LaSalle acted for Legal & General Assurance Society.
