Crescent Heights, the North American real estate specialist has completed its acquisition of Vintners’ Place in the City of London, and has appointed Greycoat as its Asset Manager.
The long leasehold property comprises 276,598 sq ft of offices arranged around a central atrium over basement, ground and seven upper levels. It is fully let to nine tenants including Jefferies International, Sumitomo Corporation, Miki Travel and Thomson Reuters, at an annual rent of approx. £40.30 per sq ft overall.
The building benefits from a core City of London location on the river Thames, in an area which is set to see further improvement with the imminent opening of the Bloomberg Centre.
Matt Pinsent said “We are very excited to be working with Crescent Heights in respect of its latest London acquisition. The opportunities and challenges presented by Vintners Place are at the core of what we do, enabling us to bring to bear our extensive asset and development management experience.”