Henderson Global Investors, on behalf of its ca. £690 million Central London Office Fund, has sold 80 Leadenhall Street in the City of London to a UK property company, for £14.6 million (approx. 17.5 million), which reflects a net initial yield of 5.4%.
The property provides high-quality grade-A office accommodation.
The fund successfully refurbished the 23,000 ft² (approx. 2,000 m²) office and retail property during 2008/09 and the property now provides high-quality grade-A office accommodation.
The property is multi-let to tenants including National House Building Council, Hartford Financial and CMS Cameron McKenna who took a new 10-year lease during the summer of 2011.
Savills advise the buyer.
Source: Henderson Global Investors