AM alpha has completed the acquisition of the office asset 21 Great Winchester Street in the City of London. Strategically located at the heart of the City, in the triangle formed by Bank, Moorgate and Liverpool Street Station, and next to London Wall, this freehold asset represents a compelling combination of ca. 2,500m², of flexible office space and a classic Portland stone facade with the potential to enhance its unique features by adding further amenities. The asset is partially let to three prominent tenants (from, respectively, the insurance, financial services, and IT services sectors), and the vacant areas will be offered to the market this year. The purchase price was not disclosed.
Transport communications are excellent, with Liverpool Street Station and Moorgate and Bank underground stations all within 5 minutes walking distance. Furthermore, the asset will benefit from the launch of the new Elizabeth Line / Crossrail link, scheduled for 2022, providing high-speed connections to Canary Wharf in the East, and to Paddington Station in the West.
According to Martin Lemke, Managing Director at AM alpha, “The successful completion of this transaction is further evidence of AM alpha’s execution capabilities and ability to source robust real estate opportunities. Within Europe, the UK will continue to be the main focus for us and we will actively seek core and value-oriented investments across all sectors.”