TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) has acquired a fully let mixed-use property in the City of London in an off-market transaction. The freehold asset, 62-64 Cornhill, is in the direct vicinity of the Bank of England. The seller is TH Real Estate. The purchase price amounts to circa €36.8m (GBP32m).
“We are delighted to again use the current market phase following the Brexit vote to secure a premium property at attractive terms,” according to Manuel DeVigili, Head of Investment Management at TRIUVA.
The total lettable area of over 3,000m² is divided between 2,300m² of office and 700 m² of retail space. The property was initially constructed in 1988 and comprehensively refurbished in 2014, delivering a BREEAM certificate rating of “very good”. The anchor tenant is the express mail service DHL. The building sits within the prime office core of the City of London.
