Friday, 26 June 2015
Beltane JV acquires 9.290 m² Southbank office from M&G real estate (UK)
Beltane Asset Management in a joint venture with affiliates of Angelo, Gordon & Co has acquired a 100,000 ft² (9.290 m²) office block in Southwark, just 400m south of the River Thames.
In an off-market transaction the JV has purchased the freehold interest of 42 Southwark Bridge Road, SE1 from M&G Real Estate. The prominently located corner building on the junction of Southwark Bridge Road and Southwark Street occupies an impressive 0.61 acre (0.25 hectare) site and has an 85m frontage to Southwark Bridge Road.
The office building which is arranged over sub-basement, basement, ground and five upper floors is let to Sunguard Availability Services until January 2018.
The sale details were not disclosed.