IVG sells 200-206 Regent Street for £50 mln. to The Regent Street Partnership (UK/DE)

The property 200-206 Regent Street which was acquired for circa £40 million (€47.9 mln.) in 2010 comprises 4,500 m² (48,000 ft²), including 2,700 m² (29,000 ft²) of retail space as well as 1,800 m² (19,000 ft²) of office space. Main tenant is the primarily UK-based fashion retailer Jaeger.

After a holding period of less than one and a half years the building was sold for £50 million. The yield on equity for IVG's investors is significantly in the double-digits range. The buyer is The Regent Street Partnership a joint venture between The Crown Estate and Norges Bank Investment Management.

Ali Abbas, Head of UK Transactions at IVG commented, "The quick sale was primarily based on the very good working relationship between IVG and The Crown Estate and in particular, their strategic approach towards Regent Street to realign and secure this area as one of the first class destinations of retail and office space."

Source: IVG

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