Triuva acquires prime freehold in the City of London

27 September 2016

TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) has acquired a fully let mixed-use property at 62-64 Cornhill in the City of London in an off-market transaction. The freehold asset is in the direct vicinity of the Bank of England. The seller is TH Real Estate. The purchase price amounts to circa £32 million.

Manuel DeVigili, Head of Investment Management at TRIUVA, comments: “We are delighted to again use the current market phase following the Brexit vote to secure a premium property at attractive terms.”

The total lettable area of over 32,292 sq ft (3,000 sq m) is divided between 24,757 sq ft (2,300 sq m) of office and 7,534 sq ft (700 sq m) of retail space. The property was initially constructed in 1988 and comprehensively refurbished in 2014, delivering a BREEAM certificate rating of “very good”. The anchor tenant is DHL. The building is located within the prime office core of the City of London.

TRIUVA was advised by Savills. Linklaters provided the legal.

 
 

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