LONDON, 19th October, Salamanca Group, the London based Merchant Bank, advised on the acquisition of 35 King Street in the City of London for South African private clients for £19.35m, which completed today.
The freehold multi-let office and retail building was asset managed by London & Oriental, is fully let and totals approximately 16,300 sq ft.
Ian Griffiths, Head of Commercial Real Estate at Salamanca Group comments “Despite global political events, the attractiveness of UK commercial investment property remains, particularly from overseas investors who continue to benefit from the weaker British pound. Supply in London of high quality stock such as 35 King Street remains low with a strong demand for good quality opportunities.
We were able to work once again with Investec Structured Property Finance to provide attractive lending terms for the purchaser.”
The investment was not generally available and was introduced to Salamanca Group by Knight Frank.
Cushman & Wakefield represented London & Oriental.
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