London Investment Properties Track Record

Fleet Place House, EC4

fleet-place-house
VALUE
£111.7 million / NIY - 4.86% / £1,212 per sq ft

AREA
92,185 sq ft

PURCHASER
M&G

VENDOR
BCDH

CBRE’S ROLE
Acquisition

DESCRIPTION
CBRE advised M&G Real Estate, on behalf of an Asian investor, on the acquisition of Fleet Place House for £111.7m following a competitive bids process.

It was the first UK real estate investment made by the Asian investor who acquired the 92,000 sq ft, nine-storey office and retail multi-let building from Beijing Capital Development Holdings (BCDH).

CBRE’s Investment Properties team was supported by the Lease Consultancy, Central London Investor Leasing and Property Management teams throughout the transaction.

Latest Deals

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    CBRE advised Landsec on the sale of 32-50 Strand to Sinarmas Land for £195m, as part of their strategy to sell selected assets to reinvest in higher returning opportunities.

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  • CBRE advised on the successful acquisition of 2 Cavendish Square for CBRE IM. This was a highly competitive process with 45 inspections and 11 bids in the first round and 5 parties invited into the second round.

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  • CBRE represented the London Stock Exchange Group on the subject to planning disposal of a major freehold asset in the City Fringe.

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  • CBRE advised Deka Immobilien Investment GmbH on the successful acquisition of the freehold interest of Bureau, 90 Fetter Lane in an off market transaction.

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  • CBRE advised Sofidy on the purchase of Random House. The property had been subject to several abortive sales, and we were able to acquire the investment at a substantial discount to the original quoted price.

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  • CBRE advised Landsec on the disposal of this exceptionally rare City of London freehold estate.

  • CBRE advised British Land on the Freehold sale of their best-in-class mixed-use Clarges estate.

  • CBRE advised Brookfield on the disposal of this award winner London HQ, single let to Schroders for a term of 17 years.

  • CBRE advised a Spanish private investor on the acquisition of this prime value-add asset in the heart of the City of London’s ‘tower cluster’.

  • CBRE advised M&G Real Estate, on behalf of an Asian investor, on the acquisition of Fleet Place House for £111.7m following a competitive bids process.

  • CBRE advised Nuveen Real Estate on the disposal of this 109,000 sq ft striking headquarters building let to H&M and Twitch.

  • CBRE successfully advised Columbia Threadneedle on the £93m sale of 70 Wilson Street to UBS, representing a NIY of 4.90% and a capital value of £1,250.

  • CBRE advised Poly Global on the successful disposal of 5 Fleet Place. The building comprises 130,500 sq ft and is the headquarters for Charles Russell Speechlys, a leading law firm.

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