The International Press Centre at 76 Shoe Lane, EC4, is up for sale. Vendor Royal London Asset Management, which bought the three blocks from Carlyle MG in 2001, is seeking £42m, an 8.66% yield. The 123,000 sq ft is let to 21 tenants for £3.75m pa or £30 per sq ft. The centre is held on a long lease from the Goldsmiths’ Company until 2068. Strutt & Parker is acting for RLAM.
The International Press Centre at
76 Shoe Lane, EC4, is up for sale. Vendor Royal London Asset Management, which bought the three blocks from Carlyle MG in 2001, is seeking £42m, an 8.66% yield. The 123,000 sq ft is let to 21 tenants for £3.75m pa or £30 per sq ft. The centre is held on a long lease from the Goldsmiths’ Company until 2068. Strutt & Parker is acting for RLAM.
