Barings, on behalf of a core European real estate strategy, has sold Capital House, a prime office in the City of London, for £169 million (€200 million/$228 million) to Daibiru, a Japanese investor and subsidiary of Mitsui O.S.K. Lines.
Capital House, located on King William Street, located near the Bank of England in the heart of the City of London, comprises 121,489 square feet of high-quality offices, arranged across more than eight upper floors, along with ground-floor and lower ground-floor retail let to Pret and Sainsbury’s.
Having acquired the asset in 2021, Barings has completed an extensive asset management program, investing more than £11 million (€13 million/$17 million) to provide high-quality, amenity-led spaces. This has included the refurbishment of the ground-floor reception, installation of end-of-journey facilities (including 101 bike racks, six folding bike lockers, seven electric charging bike points, and ventilated lockers), introducing ne
