Dorrington has bought an office building in London’s Midtown from Threadneedle for £24.5m.
The acquisition at 12 Gough Square, EC4, reflects a net initial yield of 4.6%.
The 28,500 sq ft, multilet office building was built in 1992 and occupies the majority of the south side of Gough Square.
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Andrew Giblin, director, Dorrington, said: “We feel it is ideally placed to match occupier demand, as Midtown is now attracting an increasingly diverse tenant base. We will look to enhance the space through innovative design to drive the rents and value.”
Harris Associates represented Dorrington and Crossland Otter Hunt advised Threadneedle.
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