Orchard Street Investment Management has completed the acquisition of an office property in central London for £20.5 mln (EUR 25.6 mln). The purchase is the first for Orchard Street Special Situations Fund II, which was set up in April 2012.
Orchard Street Investment Management has completed the acquisition of an office property in central London for £20.5 mln (EUR 25.6 mln). The purchase is the first for Orchard Street Special Situations Fund II, which was set up in April 2012.
The building was bought from London-listed real estate company Great Portland Estates.
Buchanan House is situated on the corner of Holborn and Fetter Lane in central London. The property comprises 4,508 m2 of office space over seven upper floors plus a 1,660 m2 banking unit on the ground and basement floors which is currently occupied by HSBC.
The remaining floors are let to Interactive Pro, Cityspace, QCC Information Security, Global Witness and French farm produce group Société pour l’Expansion des Ventes des Produits Agricoles et Alimentaires.
Orchard Street was advised by BNP Paribas and Great Portland Estates was advised by DTZ.
