Mayfair Capital, a member of Swiss Life Asset Managers, has acquired the Bonhill Building in central London for £112.5 million ($137.1 million). This marks the specialist U.K. real estate investment manager’s largest acquisition to date.
The property is located in the heart of the vibrant submarket of Shoreditch.
The Bonhill Building benefits from proximity to the traditional city core, as well as the Old Street “Silicon Roundabout”. It is also a short distance from the new Elizabeth Line stations at Moorgate and Liverpool Street. Moreover, the Bonhill Building is well positioned to benefit from growing interest in the tech belt surrounding the city’s northern fringe.
Despite concerns around the London real estate market in relation to Brexit, London possesses strong thematic characteristics — including connectivity, networks and demographics — which bodes well for long-term occupational demand. Supply of good-quality space is set to remain constrai
