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Nordic Update

Balder enters London market

Publicerad: 11 januari 2019, 17:08

From London. Photo: Sverrir Thór.

Balder has acquired the property 8 Fenchurch Place in the City of London for 75 million GBP. The property has a LFA of roughly 9,000 sq.m. and an annual rental income of 4.4 million GBP. The property was sold by Amundi.

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The tenant base consists of insurance companies and consulting companies, with a remaining average term of nine years, according to a press release.

The deal constitutes Balder’s first acquisition in London and PropertyWeek reports that the company has teamed up with Brunswick Real Estate as its operating partner. Moreover, that Balder is planning further investments in London in the coming year.


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