Royal & Sun Alliance (RSA) has added to its Bankside portfolio by buying 95 Southwark Street (pictured), London SE1.
The Victorian building, which comprises 1,556 sq m (16,750 sq ft) of offices, was bought from opinion poll firm Mori for £3.3m.
RSA already owns 91/93 Southwark Street. Philip Owen, of Royal & SunAlliance Property Investments, said: “The acquisition of 95 Southwark Street provides us with the opportunity to refurbish and let both buildings on relatively flexible terms.”
The offices will be offered to let at £25 to £30 per sq ft (£269 to £323 per sq m).
The company has several properties in the Bankside area of Southwark, including 120-122 Southwark Street and the Bankside industrial complex, and is a key player in the planned redevelopment of the borough.
EGi News 15/05/01
