Aberdeen Standard announces £70.8m City sale

60 gresham st

The Standard Life Pooled Property Pension Fund has announced the sale of its long leasehold interest in 60 Gresham Street in the City of London for £70.75m.

The 60,916 sq ft building, which is being acquired by Bank of China, is multi-let to a broad range of occupiers including 4Most Europe, a credit risk consultancy; Trium Capital, an investment manager; i2 Office, a serviced office operator and the Anthologist bar and restaurant.

Since purchasing the building in 2012 for £47.25m, the fund has undertaken a number of asset management initiatives, including refurbishment and re-letting of the fourth and fifth floors.

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