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.


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.


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.


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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