ABN AMRO announces the completion of a sale and leaseback of its London headquarters located at 250 Bishopsgate. The bank has sold the building to a special purpose vehicle created by Evans Randall, a privately held investment bank, for GBP 175 million. ABN AMRO has committed to remain as a tenant under a new 30-year lease.
The transaction is part of a regular review of ABN AMRO's global property portfolio of over 3,000 buildings, which the bank evaluates to maximise efficiency.
250 Bishopsgate is a striking landmark property designed for ABN AMRO by EPR Architects and constructed in 1998.
ABN AMRO was advised in the transaction by Cushman & Wakefield Healey & Baker.
Source: ABN AMRO
