INDUSTRY NEWS

CS Euroreal puts Plantation Place South on the market

CS Euroreal has put one of its London offices on the market.

Plantation Place South has been placed on the market with an asking price of £144 million.

Located at 60 Great Tower Street, the building features many tenants from the financial and insurance industries, such as Liberty Mutual – who are reportedly, according to CoStar News, considering a move to the Walkie Talkie Tower.

Measuring 161,000 sq ft, the property also features tenants such as Beazley and Royal & Sun Alliance.

The private investor real estate fund of Credit Suisse, CS Euroreal is thought to have been considering the sale of Plantation Place South for some time.

Credit Suisse has already seen a significant return on its previous London commercial property investments during 2012’s first couple of months.

It sold the Canary Wharf office space at 1 Cabot Square for a fee in excess of £325 million; featuring 540,000 sq ft of space, 1 Cabot Square was bought by Qatar Investment Authority.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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