London Investment Properties Track Record
Random House, 20 Vauxhaull Bridge Road, SW1
VALUE
£67 million / NIY - 4.68% / £1,060 per sq ft
AREA
63,229 sq ft
TRANSACTION DATE
June 2021
PURCHASER
Sofidy
VENDOR
Random House
CBRE’S ROLE
Acquisition
DESCRIPTION
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.
In addition as a sale and leaseback we were able to have a meaningful influence into the terms of the occupational lease.
The investment provides indexed annual rental performance to a very strong covenant for a minimum 11 year term.
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