Aegila Capital Management and Greycoat have completed the acquisition of the 137-year lease of a 121,255 sq ft prime office complex in the City of London for £73.5m.
The freehold for the Grade II-listed property at 37-39 & 40 Lime Street, EC3, is held by the Worshipful Company of Carpenters. It comprises two adjoining buildings.
“Brexit uncertainty has depressed investment volumes in the London real estate market. But it also created opportunities for fundamentals-driven investors to acquire high-quality assets with long-term upside potential,” Giovanni Gregoratti, chief executive of Aegila, said.
“With Brexit uncertainty receding as a result of the General Election, we are confident that London will consolidate its position as a global financial centre and we will continue to seek new investment opportunities that fit our strategy in this market.”
Bryan Cave Leighton Paisner acted as legal counsel to Aegila.
London-based Aegila is backed by Osool Asset Management and the Bank of Bahrain and Kuwait, which are both joint shareholders and seed investors in its transactions.
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