Crown Court Property London, a special purpose vehicle controlled by Landesbank Berlin, has sold One Crown Court, EC2, to a private Asian client of Priority Real Estate for £31.5m – reflecting an initial yield of around 5%.
The 43,195 sq ft freehold office block is multi-let to nine tenants with an average weighted unexpired term of 3.5 years.
It is the first time the building has traded since 1994.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
