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Evans Randall to increase Midtown presence with Clerkenwell portfolio buy

Evans Randall is understood to have placed a portfolio of seven properties in Clerkenwell, EC1, owned by the Sheinman family under offer for more than £195m.

The Sheinman family appointed Lewis & Partners earlier this year to look for offers in excess of £210m, representing a yield of 4.08%, for the collection of buildings, which provide 194,735 sq ft of space and a yearly income of £8.8m.

The portfolio, which provides development and refurbishment opportunities to add value, comprises office block Sutton Yard at 65 Goswell Road; 55-63 and 67-71 Goswell Road; Northburgh House at 10 Northburgh Street, an office and showroom space at 1 Berry Street, 50-56 Great Sutton Street and 9-11 Northburgh Street.

Tenants in the buildings include GoCardless, Ordnance Survey, Future Games of London, polling organisation Populus and Milliken Industries.

Evans Randall has been establishing a long-term position in the area, most recently launching its latest finished project Bureau at 90 Fetter Lane, where it has already secured beer brewing giant AB Inbev as its first tenant.

It has also been assembling a development site next to Farringdon’s Crossrail station, buying the last piece of the puzzle in August.

Evans Randall declined to comment.

To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette

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