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Savills Im To Launch European Property Fund, Buys £267M London Office | News | Ipe Ra

by realassets.ipe.com posted 1month ago 32 views
Savills and Vestas to launch logistics and office fund for Korean investors in 1Q19. : Savills Investment Management plans to launch a European property fund for Korean institutions early next year, the manager said as it announced the acquisition of a £267m (€234.3m) central London office property from Almacantar. 125 Shaftesbury Avenue was acquired on behalf of a club of Korean institutional investors managed by Vestas Investment Management. The building was built in 1982 and consists of 190,000sqft of office, retail and ancillary space over 11 floors, including ground and basement.

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