AXA Investment Managers – Real Assets and BlackRock have sold 6 Bevis Marks, EC3, to a private Middle Eastern client of Citi Private Bank for £220m.
AXA and BlackRock acquired the property as a development opportunity in 2011 and the scheme completed in 2014.
The 174,550 sq ft asset is almost fully let to a range of tenants, with an average unexpired lease term of 10 years.
Liam Le Roux of BlackRock’s UK Real Estate business said: “BlackRock Real Estate has recently completed a number of dispositions in the UK, including Moorgate Exchange and Exchange Tower. The UK is an important strategic market and we are pursuing value-add opportunities across a number of sectors.”
Cushman & Wakefield and JLL acted on behalf of the sellers.
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