Chinachem Group Confirms with Helical The Purchase of a London Office Building at £158.5 million
The lease from Transport for London was granted in 2018 and has a head rent geared to 10% of contracted rents.
- The lease from Transport for London was granted in 2018 and has a head rent geared to 10% of contracted rents.
- This transaction marks the Group's first overseas acquisition, which will help drive its portfolio diversification and sustainable growth.
- ft. office building sits above the Farringdon East Crossrail Station.
- We will now seek to recycle the proceeds from the sale into delivering new highly sustainable 'best-in-class' Central London office schemes, where occupier demand remains strong."