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TIAA Henderson Real Estate acquires Central London office development

Fetter Lane

TIAA Henderson Real Estate (TH Real Estate), on behalf of a TIAA-CREF (TIAA) subsidiary, has exchanged contracts in connection with the acquisition of a Central London office development from Great Portland Estates plc (GPE).

TIAA Henderson Real Estate (TH Real Estate), on behalf of a TIAA-CREF (TIAA) subsidiary, has exchanged contracts in connection with the acquisition of a Central London office development from Great Portland Estates plc (GPE).

The asset, 12/14 New Fetter Lane, EC4, was acquired for a purchase price of £165.8m.

12/14 New Fetter Lane is a 142,500 sq ft office building currently under construction in the up and coming London Midtown area. Upon completion, the 13-storey building will primarily consist of Grade A office space, with additional ancillary retail space and basement storage. It is pre-let in its entirety to Bird & Bird LLP.

Anthony Butler, Head of European Real Estate Investment for TIAA-CREF at TH Real Estate, commented "This acquisition is in-line with our current investment programme in the UK and Europe. Once completed, this Central London office will complement the growing portfolio which is set to continue its expansion over the next few years."

Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.


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