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PRUPIM king of Alder Castle

PRUPIM is set to buy the 92,500 sq ft Alder Castle at 10 Noble Street, EC2, from Aviva Investors.


The UK fund has placed the building under offer for a price thought to be below the £65.6m quoted by selling agent Jones Lang LaSalle, reflecting a 6% yield.


The deal comes just over a year after Aviva bought Alder Castle from Aberdeen Immobilien for £62m, a yield of 6.54%.


All parties declined to comment.


 


jack.sidders@estatesgazette.com


 

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