Tuesday, 10 March 2015
Ivanhoé Cambridge acquires 3 Minster Court in the City of London for €237 mln (UK)
Ivanhoé Cambridge announced today the acquisition of 3 Minster Court, a high-quality office property located in London’s EC3.
Ivanhoé Cambridge’s overall investment totals more than £170 mln (€237 mln).
The 275,000 ft² (25,600 m²) neo-gothic property was built in the early 1990s by the Prudential and is leased to London Underwriting Center.
“3 Minster Court meets our investment objective to build critical mass of high-quality assets in London. EC3 is one of the most sought-after office markets in London. We believe we can add value to the property over time.” said Meka Brunel, Executive Vice President, Europe, Ivanhoé Cambridge.
Greycoat, FREO and DTZ acted for Ivanhoé Cambridge.
Source: Ivanhoé Cambridge