AXA Investment Managers-Real Assets has sold Ropemaker Place, in the City of London, to a subsidiary of Singapore’s Ho Bee Land for £650m.
The 21-storey, 602,000 sq ft office was developed in 2009, and is 96% let with a weighted average lease term of 10.5 years to expiry. AXA acquired the scheme in 2013 on behalf of a joint venture comprising one European and two Asian investors.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts