Telereal Trillium has appointed CBRE to advise on the sale of a UK-wide property portfolio, which includes a number of landmark London buildings and is valued at £550 mln (€650 mln).
Telereal Trillium has appointed CBRE to advise on the sale of a UK-wide property portfolio, which includes a number of landmark London buildings and is valued at £550 mln (€650 mln).
The Hyperion portfolio comprises 55 assets and includes flagship properties such as 440 Strand, 63-65 Piccadilly and 97 New Bond Street.
The assets are predominantly let to Royal Bank of Scotland until 2037 and have leases benefitting from annual RPI rental uplifts and average unexpired lease terms in excess of 22 years.
'With conditions in the financial and property markets improving, the appetite for this type of high-quality property investment has grown significantly amongst UK and international property investors, making now the right time to bring this product to market,' commented Graeme Hunter, group property director of Telereal Trillium.
Peter Arduino, executive director at CBRE, added: 'Hyperion is a unique opportunity to acquire a diverse portfolio, by sector and geography.'
