VALUE
£24.86 million / NIY – 3.75%
AREA
276,262 sq ft
PURCHASER
Private Indian
VENDOR
CBRE’S ROLE
Disposal
VENDOR
PGIM
CBRE’S ROLE
Disposal
DESCRIPTION
PGIM appointed CBRE to advise on the disposal of the two intermediary long leasehold interests at Vintners Place, a landmark riverside office building overlooking the river Thames in the City of London. CBRE originally acquired the interests on behalf of the fund in 2008 and 2011. The investment provided a rare opportunity to acquire a ground rent investment with 121 years of exceptionally secure income paid by the Vintners’ Company, one of the Great Twelve Livery Companies.
Contacts
Phillip Butterworth
Director
London
Bethan Johnson
Surveyor
London
