UBS-AM Global Real Estate business has completed the acquisition of India House, a prominent corner office asset on London’s Southbank, for €33.9m (£28.4m) from LaSalle Investment Management.
Located on Curlew Street, India House is a 3,529m² office development that was fully refurbished and transformed in a distinctive open-plan office scheme in 2000. Fully let to six tenants, the property is spread across six floors and comprises a newly renovated reception area, flexible floor plates and on-site showering facilities.
Howard Meaney, Head of Global Real Estate – UK, commented: ”India House represents a rare opportunity to gain meaningful access to one of London’s most exciting locations and to an asset currently being let at low rents and offering attractive growth prospects through effective asset management, the repositioning of the property itself, and the further regeneration of the surrounding area.”
For this transaction, UBS-AM was advised by CBRE while LaSalle Investment Management was advised by John Miles and Company.
