Mitsubishi Estate Company, the joint developers and owners of Bow Bells House with Mitsubishi Corporation, has sold the building to an unnamed foreign private investor client of Constanti Real Estate and Gresham Down for in excess of £140 mln (EUR 166 mln).
Mitsubishi Estate Company, the joint developers and owners of Bow Bells House with Mitsubishi Corporation, has sold the building to an unnamed foreign private investor client of Constanti Real Estate and Gresham Down for in excess of £140 mln (EUR 166 mln).
Bow Bells House is a landmark office and retail property totalling some 165,000 sq ft (15,329 m2) and located in the heart of the City of London. Designed by David Walker Associates and HOK International, this building was completed in December 2007 and the office space is 100% let to the Bank of Ireland and Aberdeen Asset Management.
Mitsubishi Estate Company UK managing director Masami Amano said: 'We are very pleased to have concluded such a successful transaction for both parties. Mitsubishi Estate Company is a committed long term UK investor. This opportunistic realisation of value was taken to enable us to undertake further UK development. We are currently looking across the City and West End for development opportunities of a similar size and quality to our Central Saint Giles scheme in Covent Garden.'
Cushman & Wakefield and DTZ advised the vendors.
