Dukelease to buy City’s Ibex House for more than £120m

Ibex House

Dukelease is under offer to buy City of London office building Ibex House from Israeli pension fund Harel Insurance & Financial.

The fund instructed Allsop to sell the 191,144 sq ft building for £120m, reflecting a yield of 5.02%. Property Week understands Dukelease is set to pay more than the asking price for the 1930s building and that it intends to refurbish the property gradually.

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