Stamford Land Corp. has acquired a 60 percent interest in 8 Finsbury Circus in London for £260 million ($318 million). Mitsubishi Estate London was the seller, and Ow Global Pte. will retain the remaining 40 percent.
8 Finsbury Circus is a freehold class A commercial office and retail property with a net leasable area of approximately 180,000 square feet, arranged over a total of 10 floors. Mitsubishi Estate London completed its redevelopment in 2016. 8 Finsbury Circus is fully leased to one retail tenant and four office tenants, including well-established investment houses, and provides a weighted average unexpired lease term of close to 14 years.
It is the first new commercial office development on Finsbury Circus in more than 25 years.
Listed on the Mainboard of the Singapore Exchange, Stamford Land Corp. is the largest independent owner-operator of luxury hotels in Australia and New Zealand. With a portfolio of prime hotels and investment properties in Aust
