BNP Paribas Real Estate Investment Management (REIM) has bought a prime office building in Central London from Delancey Real Estate for £ 42.5 million (€ 49.3 million).
The deal marks the first UK acquisition for BNP Paribas REIM’s European Impact Property Fund (EIPF).
The building in question, 25 Victoria Street, offers 4,984 square metres of office, retail, and leisure space across nine floors. It features multi-tenancy with six occupants and flexible floorplates ranging from 229 square metres to 623 square metres.
Built in 1996 by Land Securities, the Grade A property enjoys a strategic location at a corner junction, offering prominent visibility on both Victoria Street and Abbey Orchard Street.
Source: propertyeu.info on the 18th of December, 2023
https://propertyeu.info/Nieuws/BNP-Paribas-REIM-snaps-up-prime-London-office-for-49m/c7ddb931-efce-4461-b1d5-7e290b1ea161