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Fubon confirmed for Carter Lane

1-Carter-Lane-THUMB.jpegLondonMetric Property has confirmed that it has lined up Taiwanese insurer Fubon Life to buy One Carter Lane, EC4, for £138.8m, as first tipped by Estates Gazette last month.

The 129,081 sq ft office building is 73% let to MFS and SEB. The current retal income is currently £4.5m per year, which will rise to £6.3m when the remaining floorspace is let.

LondonMetric acquired the building in 2011 for £75m, and the company has recently completed a £15m refurbishment.

The sale is conditional on Fubon Life gaining necessary regulatory approvals.

sophia.furber@estatesgazette.com

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