Private Chinese investor to buy London office for £220m
BlackRock Real Estate and AXA Real Estate Investment Managers are under 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 (US$307 million).
The property is 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 building at 30 St Mary Axe (informally known as The Gherkin).
The building at 6 Bevis Marks is rated BREEAM Excellent. It is 85 percent occupied, and major tenants include law firm Browne Jacobson, Navigators Management, Cardano, i2 Office and Braemar Adjusting.
In 2011, a joint venture to redevelop 6 Bevis Marks was formed by AXA Real Estate, on behalf of it