INDUSTRY NEWS

LV= sell capital office space for £16.55m

A private investor has sealed a deal worth £16.55 million for offices in London.

Located at 1 Bishopsgate, the offices were previously owned by LV= Asset Management and have undergone significant refurbishment – in the process, gaining a Ska Gold rating.

The property has been sold to the investor – based overseas – fully vacant.

Composed of 27,300 sq ft – spread out over four floors – the building also contains space for restaurant accommodation on the lower ground and ground floors, as well as the mezzanine level.

The 1 Bishopsgate office is also of a grade A standard.

Head of Property Investment Management at LV= Asset Management, Howard Meaney, commented on the sale of the property.

He said: “We opted to take advantage of the strong depth of investment demand that currently exists for prime Central London assets.

“We had a wide range of cash bidders that exceeded our expectations and we are delighted with the result,” Mr Meaney added.

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

One thought on “LV= sell capital office space for £16.55m

  1. I travel all around the world for work, and it used to be really lonely. Now I can go onto Tinder and have a date lined up in a new city before I even get out of the airport!

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