Beltane Asset Management in a joint venture with affiliates of Angelo, Gordon & Co has confirmed it has completed the acquisition of 42 Southwark Bridge Road, SE1 from M&G Real Estate.
The 9290 m² (100,000 ft²) office block in Southwark is just 400 m south of the River Thames. The transaction details were not disclosed but it is understood to have sold for around €68 mln (£50 mln).
A corner building on the junction of Southwark Bridge Road and Southwark Street, it occupies a .25 hectare site and has an 85 m frontage to Southwark Bridge Road.
The building is arranged over sub-basement, basement, ground and five upper floors and is let to Sunguard Availability Services until January 2018.
Source: Beltane Asset Management
