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Carlyle Group confirms London office space purchase
Office design news from Morgan Lovell
Published on 09-07-2010
The Carlyle Group has acquired six properties in London in an effort to expand its portfolio.
According to the private equity corporation, the combined cost of the deals is £671 million and covers in excess of 1.6 million sq ft, bringing in more than £62 million a year in rent.
Ludgate House, Sampson House, Millennium Bridge House, Alban Gate, BSI Tower and 60 Victoria Embankment were all secured under the deal.
Current tenants include JP Morgan Chase, IBM, UBS and United Business Media.
Described as "landmark" locations, the office spaces have a number of opportunities for refurbishment suggested Carlyle Group managing director Robert Hodges.
"There are considerable longer-term opportunities across the portfolio for active asset management and redevelopment," he went on to state.
Knight Frank recently revealed in its latest London office relocation report for the first quarter of 2010 that take-up of commercial property is at its highest three-monthly level since 2007.
Posted by Paul Kelly
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