Offices in Midtown have been sold to two
property investment firms for £82.7 million.
The freehold of Aldwych House - which consists of 163,000 sq ft of office space - was acquired by GI Partners and Rowan Asset Management from Consolidated Real Estate Management Services.
Last renovated in 1988 and currently 89 per cent let, the building is home to 11 tenants in total, including high-profile names like law firm Manches and the London School of Economics.
Aldwych House was originally constructed in 1926 and is situated at 71-91 Aldwych, WC2, in the vicinity of the Royal Courts of Justice.
Nearby tube stations include Covent Garden, Temple, Charing Cross and Holborn, while Waterloo is accessible via the Waterloo Bridge.
Commenting on the transaction, divisional director of Nationwide Commercial - which provided the financing - Bryce Glover said: "This transaction demonstrates the continuing value and robustness of the London office market," according to Property Magazine International.
Posted by David Hudek
News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.
Back