Leading Cities Invest (LCI) has acquired 3 Copthall Avenue, an office building in the heart of London. The fully redeveloped property which was first built in 1875, is located in close proximity to the historic London Wall and its local shops which are highly attractive to tenants from the corporate, banking and insurance sectors. The new project was designed by Ben Adams Architects. Major tenants nearby include ING, Blackrock, Bank of China, Deutsche Bank and Commerzbank. It has been agreed to keep the sales price confidential.
In spite of the United Kingdom's planned exit from the European Union, London will retain its international significance. The attraction of London's real estate market has by no means diminished. Top returns remain unaffected. The City of London is recognized as one of the world's leading centres of the global finance and insurance industry, with 37% of all foreign exchange worldwide and approximately 4.3 million employees working in London. London's unique selling points include its central time zone, an established communication and IT infrastructure, a well-structured legal and regulatory framework as well as a strong focus on professional services.
LCI now holds investments in 14 properties in seven cities within four countries, ranging in occupancy from retail and gastronomy, hotel, doctors surgeries and medical services to office and leisure space.
