London Investment Properties Track Record
7-11 Herbrand Street, WC1
May 1, 2022
VALUE
£85,000,000 / NIY - 5.28% / £1,238 per sq ft
AREA
68,648 sq ft
TRANSACTION DATE
May 2022
PURCHASER
Life Science REIT
VENDOR
LabTech Investments
CBRE’S ROLE
Disposal
DESCRIPTION
CBRE advised LabTech Investments on the sale of this comprehensively refurbished and repositioned art deco office building recently let to leading fintech company, Thought Machine. The CBRE sales team also promoted future value add opportunities to drive pricing, including a potential roof extension and provision of lab enabled space, which is highly sought after in this Knowledge Quarter location. A highly targeted process was undertaken to a short-list of active investors and a sale was concluded within a short time period to Life Science REIT.
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