Lothbury Investment Management, on behalf of Lothbury Property Trust has disposed of its 28,385 sq ft office holding at 52 Bedford Row, London WC1 to a private overseas investor for £28.2m.
The property has been one of Lothbury’s central London assets since 2001. Lothbury completely redeveloped the building behind the existing façade in 2002/3 as part of its active development portfolio.
52 Bedford Row is let to law firm Wedlake Bell LLP with a lease expiry in December 2018. Wedlake Bell has recently vacated the building and moved into new premises.
Michael Toft, Senior Fund Manager and Executive Director of Lothbury Investment Management, said: “This has been a strong performing asset in a prime location but we are very pleased to have completed this sale.”
Cushman and Wakefield acted for Lothbury; Michael Elliot acted for the purchaser.
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