trending Market Intelligence /marketintelligence/en/news-insights/trending/k53WRR87uzpFJYZxEf6hGw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Great Portland finds buyer for vacant London property

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Great Portland finds buyer for vacant London property

saidit agreed to off-load a vacant office property in London, for nearly £27million.

The37/41 Mortimer St. asset, known as Mortimer House, has consent in place for a comprehensiverefurbishment, but the company decided to sell the property due to high demandfor vacant refurbishment opportunities, said Hugh Morgan, head of investmentmanagement. He added that the proceeds will be invested in the company'sdevelopment program.

Theproperty spans about 23,800 square feet of net internal area.

Thebuyer is a new joint venture vehicle between Cain Hoy, hotelier Guy Ivesha andother private investors. The buyers intend to operate a hospitality-focusedwork and lifestyle concept, according to the news release.