Irish company Oregan Financial is paying some £70 mln (EUR 103 mln) fo the office block at 10-18 Victoria Street in London's West End. The transaction value reflects an initial yield of 4.2%. The 7,350 m[sup]2[/sup] property is fully let to the British secretary of state for a further 19 years without breaks. The deal includes 13 car parking spaces adjacent the property.
Irish company Oregan Financial is paying some £70 mln (EUR 103 mln) fo the office block at 10-18 Victoria Street in London's West End. The transaction value reflects an initial yield of 4.2%. The 7,350 m2 property is fully let to the British secretary of state for a further 19 years without breaks. The deal includes 13 car parking spaces adjacent the property.
CB Richard Ellis in Dublin advised Oregan Financial. WHO acted as advisor for the vendor. Oregan Financial is a consortium of Irish-based property investors which focuses on investment across the UK.
