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New York-based property investor Witkoff Group has made a return to the UK market with the purchase of an office block in London’s Covent Garden for £175m.
In a joint venture with London-based DCD Group, Witkoff has bought 90 Long Acre at a yield of 4.2%. 90 Long Acre is a 194,000 sq ft (18,023 sq m) grade A office building, owned by JER Partners and GE Real Estate, which bought the building in 2000. Tenants include Scottish Equitable, Eurohypo, GMAC and Regus. Franc Warwick acted for the vendors; CBGA acted for the purchasers. Source: Property Week Comments are closed.
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November 2018
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