CIS takes a punt in WC2

AXA REIM acting on behalf of CIS has exchanged contracts to acquire 2 – 4 Bucknall Street, WC2 from Standard Life for £8.6 million.

The 17,023 sq ft warehouse style office block immediately north of the Central St Giles development is let to Inspired Gaming Group on a lease expiring June 2018 at a current rent of £585,000 pa (£34.36 psf overall). The price reflected a net initial yield of 6.43%.

Hanover Green acted for AXA REIM in the purchase.


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