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Sign in Sign up for a FREE subscriptionHelical agrees €56m office investment sale in London
Helical, with The Baupost Group, has exchanged contracts on the sale of 90 Bartholomew Close in the City of London, to La Francaise Real Estate Partners International (LF REPI), a pan-European investment business acting on behalf of a French collective real estate investment vehicle.
The sales price was £48.5 million (€55.71 million/$60.65 million).
Peter Balfour, investment director at LF REPI, commented, “90 Bartholomew Close marks the milestone of our first acquisition in the U.K. on behalf of La Francaise funds and signifies the intention to grow our assets under management in the U.K. real estate market. We are pleased to have purchased a key building in Helical’s Barts Square estate and anticipate good growth prospects associated with the completion of new developments nearby. 90 Bartholomew Close makes a good addition to our group’s portfolio of €23 billion [$25 billion] in assets under management.”
The recently completed six-story building i
