German fund manager Triuva has shown it has not been deterred by Brexit with the acquisition of a small office building in the City of London for £23 mln (€27 mln).
The property is located at One Carey Lane, EC2 and is fully let to six tenants, including the accounting firm Crowe Horwath. The vendor was TH Real Estate.
The office building located in the heart of the City of London was refurbished extensively just this year and is located in direct proximity to St Paul's Cathedral and the One New Change shopping centre.
'We continue to see appealing opportunities in the UK market and will focus on securing further attractive assets for our clients,' says Manuel DeVigili, head of investment management at Triuva.
Triuva was advised commercially by Savills and received legal advice from Linklaters.
Frankfurt-based Triuva manages €9.8 bn of mainly office, retail and logistics real estate funds held by structured funds for institutional investors.
