LONDON-LaSalle Investment Management has acquired the long leasehold share in 1-4 Connaught Place for more than GBP 22.5 million from Redevco. The office property was renovated in 2009 by Redevco to provide 29,999 square feet of space over seven floors.
The property is leased to six different tenants for roughly GBP 45 per square foot. Jones Lang LaSalle represented Redevco and Franc Warwick represented LaSalle Investment Management in the deal. For the full story, go to Europe Real Estate .
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