PURCHASE
The property was acquired by Ediston for £22.35m in October 2014, reflecting a net initial yield of 7.15%.
ACHIEVEMENTS
- Completed a comprehensive refurbishment of the entrance, reception, common parts, central plant and lifts.
- Secured new 10 year leases with AXA over the 4th, 5th and 6th floors and a new lease of the 7th and 8th floors.
- Secured a new lease of the 9th floor to UK Land Developments.
- Completed lease with American bridal retailer, David’s Bridal, for the entire Cannon Street retail space.
- Restructured the Weightmans leases on Ground and 3rd floors.
