TH Real Estate, on behalf of German asset manager Warburg-HIH Invest, has sold an office property in the City of London to a private Hong-Kong based investor.
Financial details were not disclosed.
Warburg-HIH has sold the property after four and a half years of ownership, earning a total internal rate of return of 12.4%, exceeding the original IRR forecast of 5.8%.
The 6,358 m2 historic building is located on Queen Street and is fully let.
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