French fund manager Sofidy has emerged as the buyer of the Penguin Random House in London in a sale and leaseback transaction worth £67 mln (€73 mln).
The office at 20 Vauxhall Bridge Road, SW1 is being sold by UK publishing company Penguin which has agreed to lease back the eight-storey, 63,229 sq ft building for a further 11 years.
BNP Paribas Real Estate and Fladgate advised Penguin Random House; Sofidy was advised by DLS Advisors and CBRE.
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