By Richard Hook2018-06-19T11:25:00
The Crown Estate and Norges Bank have acquired the long leasehold interest in JLL’s UK headquarters at 30 Warwick Street.
The Crown Estate, which already owns the freehold on the property, has acquired a 75% stake of the leasehold interest from Aviva Life & Pensions UK and Canada’s Public Sector Pension Investment Board. Norges, which is Norway’s $1tn sovereign wealth fund, has paid £28.8m to acquire the other 25% of the leasehold in a deal which values the building’s long leasehold interest at £115m.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.