The building, at One Trafalgar Square, was sold by Istithmar to an unnamed Russian investor for £172m and is one of the largest investment deals in London's West End to be carried out. It is thought to be the Russian's first purchase in the UK market.
Grand Buildings includes retail outlets and office space, which is let to Enterprise Oil. The property was constructed in the 1870s and is understood to have been purchased by Istithmar for about £155m five years ago.
Istithmar sold two properties in the capital in November for £10m and a share of future profits to Great Portland Estates.
No comments:
Post a Comment