2 London Bridge, SE1 – Sold!
August 2022 | News
RX London, acting on behalf of LaSalle Investment Management, has sold 2 London Bridge for £59,940,000, 4.91% NIY and £1,190psf.
Having been instructed to market the property in June 2022 the Capital Markets team undertook an open market campaign, carrying out approximately 70 inspections in a six week marketing period. Following a two stage bidding process, the property went under offer to a Private Investor (the purchaser).
2 London Bridge occupies an island site in a prime South Bank location on the bank of the River Thames and benefits from being located less than 100 meters from one of London’s busiest train stations. The Bank of England in the City of London is approximately 850 meters from the property, therefore attracting tenants from multiple submarkets.
2 London Bridge is a striking office building that was comprehensively re-modelled and refurbished in 2004 to provide 50,527 sq ft of Grade A office and retail accommodation with panoramic river views. The property is multi-let to six tenants with two floors under offer at the point of sale and benefits from a reversionary topped-up passing rent of £62.25psf.
For further information please contact John Olney, Hugh Ronan or Hele Griffiths.