News
- Home
- Investment Company News
- LondonMetric Property sells 1 Carter Lane
LMP : LondonMetric Property sells 1 Carter Lane
LondonMetric Property has announced that it has sold 1 Carter lane, an office development near St. Pauls in London, for £124.8m net (£138.8m gross adjusted for rent free deductions). They expect the deal to complete in January 2015.
The 129,081 sq ft property is 73% let by floor area to MFS and SEB and LondonMetric is currently in detailed negotiations with a potential tenant regarding the letting of the last two remaining floors. They get £4.54m in rent currently and this would rise to £6.29m if the new letting goes through. They bought the building in 2011 for £75m and have spent £15m on it. In March this year they were valuing it at £106.2m.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated