Keppel Land to sell asset in London for €146m

A London & Oxford fund has acquired the shares in First King Properties Limited, which holds the freehold of 75 King William Street, London EC4, from Singapore’s Keppel Land. The purchase price was £128 million (€146 million/$177 million).

The multi-let office building comprises 128,132 square feet of office and retail accommodation and is let to tenants including National Bank of Greece, Danske Bank, Landmark, CMA CGM and SThree. Originally developed in 1989, the building is located in the heart of the City of London, only 200 meters (656 feet) from the Bank of England and directly opposite the new Bank station development.

James Nicholls, director, City Capital Markets, Colliers, who advised London & Oxford, said, “Multi-let buildings of this profile in the heart City of London rarely come to the market, so we were pleased to have advised London & Oxford on securing this asset in an off-market transaction.

“75 King William Street offers a