Investment/Development

City Office Investment Purchase

Acting on behalf of fund clients, Kinney Green have negotiated the freehold purchase of 90 Fenchurch Street, London EC3, a modern office building of some 77,500 sq ft, as an investment.

The deal involved entering into a forward-commitment to purchase the property (which was pre-let to insurance group Thomas Miller & Co ), conditional upon the vendors carrying out a comprehensive refurbishment (including all plant and machinery), which in turn would trigger the lease to be signed, and then the completion monies to be paid.

The whole process from initial commitment to final purchase took 8 months

For further information please contact:

Simon Seymour-Taylor FRICS

Consultant
City Agency Investment and Development
DDI:020 7643 1505
Email: s.seymour-taylor@kinneygreen.com

City

Acting on behalf of fund clients, Kinney Green have negotiated the freehold purchase of 90 Fenchurch Street, London EC3, a modern office building of some 77,500 sq ft, as an investment. The deal involved entering into a forward-commitment to purchase the property (which was pre-let to insurance group Thomas Miller & Co ), conditional upon the vendors carrying out a comprehensive refurbishment (including all plant and machinery), which in turn would trigger the lease to be signed, and then the completion monies to be paid. The whole process from initial commitment to final purchase took 8 months

Westend

On behalf of a private property company, Kinney Green purchased this property comprising two office/retail buildings totalling approximately 7,684 sq ft in January 2004 at a price of £3.1m.

Kinney Green provided advice on landlord & tenant, planning and redevelopment issues on this Grade A office/restaurant redevelopment, providing a total of approximately 19,500 sq ft.