Administrators at PricewaterhouseCoopers have agreed to sell the Leadenhall Triangle in the City of London, EC3, to Henderson.
PwC said this morning that Henderson is to buy the development for “substantially in excess” of £174m.
Simon Cooke, of Cooke & Powell, which was appointed asset manager and advised on the sale, said: “This is an excellent outcome for the noteholders and Hatfield Philips International, the special servicer, whose decision to appoint an administrator after the loan defaulted in April 2010, has been fully vindicated.”
The Leadenhall Triangle comprises 52-56 Leadenhall Street/17-18 Billiter Street, 49 Leadenhall/22 Billiter Street, 109-114 Fenchurch Street, 100 Fenchurch Street, and 9-13 Fenchurch Buildings.
james.buckley@estatesgazette.com
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