Standard Life Investments has bought 145 Cannon Street, EC4, from Saxan Securities on behalf of Lothian Pension Fund.
SL paid £12.1m for the 22,500 sq ft building. The sale price reflects a 5.75% yield.
The ground-floor shop is let to McDonald’s until 2017, and the office tenants include IBM.
Knight Frank advised Standard Life. Jones Lang LaSalle advised Saxan Securities.
References: EGi News 28/10/05
