Deals – Notable property sales and investments this week

18 December 2015

Lazari shops in Holborn

A newly-formed development vehicle launched by Lazari Investments has bought the freehold interest in 262 High Holborn, WC1, from Standard Life Investments for around £34m. The 30,590 sq ft building has consent for a 40,902 sq ft refurbishment and extension. CBRE acted for Lazari.

M&G wins Bloomberg Place

M&G Real Estate has bought the freehold ground lease of Bloomberg Place, EC2, from Legal & General for £92.5m. Bloomberg subsidiary Walbrook Square has maintained the long leasehold of the 750,000 sq ft building, which is due to complete in 2016. Capital Real Estate Partners acted for L&G; M&G was not represented.

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