LONDON-A subsidiary of European Property Investors SpecialOpportunities LP, which is a property fund co-advised by AEW Europeand Tristan Capital Partners, has sold Wimbledon Bridge House for$77 million. The seller, asset manager Hermes Real Estate, hadpurchased the office building for $49 million only nine monthsago.

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The 21-year-old property is 100% occupied with six officetenants, including Wandsworth Primary Care Trust, and fourretailers, such as WH Smith and Next. The building is across fromthe Wimbledon rail and underground station.

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There is strong demand from institutions and other investors forthis type of core asset, according to officials from AEW andTristan. “The UK market, which has seen the fastest re-pricing inthe decent downturn of any major European real estate market,” saidRic Lewis, Tristan CEO, said in a statement.

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He said the fund will continue to seek additional investments inthe United Kingdom. The fund recently sold the London office CityPlace House to Great Portland Estates for about $137 million.

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