UBS Asset Management’s Real Estate & Private Markets’ Triton Property Fund has sold a £59m (€64m) London office building to an unnamed private overseas investor.
Triton acquired the 45,255sqft 99 Clifton Street asset in Shoreditch for £38.3m in 2015 when it was still under construction.
Jonathan Hollick, Triton’s portfolio manager, said: “Following four years of strong performance, the property has more than delivered its business plan. Accordingly, we made the decision to crystallise the value it generated for our clients and look forward to reinvesting the proceeds into attractive new opportunities that are in line with the strategy of the fund.”
