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Derwent London to sell mixed-use building for £121M

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Derwent London to sell mixed-use building for £121M

Derwent London PLC agreed to sell its leasehold stake in the 40 Chancery Lane WC2 mixed-use property in London for £121.3 million.

Deka Immobilien is acquiring the 103,700-square-foot office and retail building, which is leased to Publicis Groupe SA until July 2035, with a tenant break in July 2033.

The asset offers eight floors of offices and a 4,400-square-foot retail unit, among other amenities.