LONDON-Invesco Real Estate has bought 107 Cheapside, an office and retail property measuring approximately 185,000 square feet in the City of London, for roughly GBP 124 million. The company has acquired the property for the iii-BVK Europa-Immobilien-Spezialfonds.
The Cheapside property, built in 2009, is leased to 13 tenants, including Orrick, Herrington & Sutcliffe, Hays Specialist Recruitment, Boots, Pizza Express and Kuoni Travel. Strutt & Parker advised IRE and CBRE advised Menolly Investments, the seller, in the deal. For the full story, go to PropertyMall .
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