Pramerica moves £100m of London office buildings

first_img Pramerica moves £100m of London office buildings whatsapp Share INVESTMENT manager Pramerica announced the completion of £100m of property transactions yesterday, in a sign that the prime London office market is beginning to move. The real estate investor bought 20 Grafton Street in Mayfair for £47.8m, on behalf of a family office. The building is currently fully leased to investment bank Perella Weinberg Partners, with around 12 years remaining on the lease.The firm has also completed the sale of 50 Broadway in Westminster for £53.7. The office block, let to lawyers Bircham Dyson Bell, was bought by an unnamed client of Citi Private Bank. “Our objective has been to take advantage of the recent strength of the London investment market”, said Pramerica portfolio manager Ben Penaliggon.Pramerica owns property across Europe and the Middle East with a net asset value of $4.1bn (£2.66bn). Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To KCS-content Monday 6 September 2010 8:13 pm Tags: NULL whatsapplast_img read more