Gulf International Properties has sold Citicape House, 65 Holborn Viaduct, London EC1, to private clients of French asset management company Franconor. At just over £30m, the sale price reflects an initial yield of just under 10%.
The 5,862 sq m (63,070 sq ft) building is let to Lovell White Durrant until March 2010 at a passing rent of £3.15m pa. Jones Lang Wootton represented the vendor and James Andrew International acted for Franconor.
EGi News 05/02/98
