Mail us info@duncanallison.com




 

http://www.propertyweek.com/news/china-life-and-brookfield-complete-%C2%A3346m-aldgate-tower-acquisition/5081672.article

26/04/2016

China Life and Brookfield complete £346m Aldgate Tower acquisition

China Life Insurance Company Limited and Brookfield Property Partners haveacquired Aldgate Tower from Starwood Capital-backed Aldgate Tower Investments for £346m.

Aldgate Tower 636

The purchase price represents a net initial yield of 4.9%.

The 325,000 sq ft, 17-storey building – designed by Wilkinson Eyre – was completed in 2015.

It is now 94% let to tenants including Aecom, Uber, WeWork, Tag, Ince & Co and Maersk, with just two 10,000 sq ft units remaining.  

Brookfield will become responsible for asset management of the building, including leasing.

Martin Jepson, president and chief operating officer of Brookfield’s UK office division, said: “The acquisition of Aldgate Tower reflects Brookfield’s commitment to London as a leading global centre for business.”

“Our existing credentials and knowledge of the market allow us to draw upon our deep relationships with the institutional investment community to create significant value for our investors and partners.

“The pace at which the building was let is a testament to the quality of the space. We look forward to working with China Life to further position Aldgate Tower as a leading commercial development.”



16/11/2016
16/11/2016
06/09/2016
26/08/2016
26/08/2016
16/08/2016
10/08/2016
27/07/2016
27/07/2016
20/07/2016
19/07/2016
19/07/2016
14/07/2016
12/07/2016
07/07/2016
07/07/2016
13/06/2016
06/06/2016
03/06/2016
12/05/2016
06/05/2016
26/04/2016
06/04/2016
30/03/2016
04/03/2016
26/02/2016
22/02/2016
08/02/2016
05/02/2016
26/01/2016
21/01/2016
19/01/2016
19/01/2016
15/01/2016
13/01/2016
08/01/2016
07/01/2016
06/01/2016
06/01/2016
06/01/2016
06/01/2016
18/12/2015
10/12/2015
18/11/2015
10/11/2015
06/11/2015
28/10/2015
18/09/2015
11/09/2015
09/09/2015
08/09/2015
08/09/2015
07/09/2015
01/09/2015
28/08/2015
25/08/2015
24/08/2015
20/08/2015