trending Market Intelligence /marketintelligence/en/news-insights/trending/KXQU6NYIlMXEwAhsA5dz2g2 content esgSubNav
In This List

Stenprop to sell London office building for £44M

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Stenprop to sell London office building for £44M

U.K.-based Stenprop Ltd. agreed to dispose of the 112,597-square-foot London office building Euston House to Erel 4 SARL for an aggregate initial consideration of £44.3 million, which values the property at £95 million.

Stenprop CEO Paul Arenson said the deal completes a sales program of more than £216.6 million of Central London offices.

Net proceeds generated from the sale will be used to partially decrease debt and acquire additional multi-let industrial assets in line with the company strategy to transform completely into a U.K. multi-let industrial assets business, Arenson added.