Private Chinese investor to buy London office for £220m
BlackRock Real Estate and AXA Real Estate Investment Managers are in contract to sell 6 Bevis Marks in London to a private Chinese investor, according to Real Capital Analytics.
The sales price is approximately £220 million ($307 million).
The property is located within walking distance of Liverpool Street station, close to the site of the London Underground and new Crossrail station, which is due to open in 2018. The building incorporates a private rooftop garden square, onsite cyclist facilities, a groundfloor business lounge and a landscaped courtyard with access to the private area surrounding the nearby Gherkin building.
The building is rated BREEAM Excellent. It is 85 percent occupied, and major tenants include Browne Jacobson, Navigator Insurance, Cardano and i2 Office Braemar.
In 2011, a joint venture to redevelop 6 Bevis Marks was formed by AXA Real Estate, on behalf of its Real Estate Opportunities Fund II, a pan-European oppo