CBRE IM Buys Data Group Relx’s Farringdon Headquarter
Midtown 10-Storey Offices Have Traded at Circa 2.75% Net Initial Yield
30 Farringdon Street. (CoStar)
31 January 2022 | 14:54
CBRE Investment Management has bought 30 Farringdon Street in London from Abrdn for £37.5 million or a 2.75% net initial yield.
The 52,500-square-feet office building is a mid-terrace building arranged over 10 floors. It is located on the east side of Farringdon Street, opposite the junction with Stonecutter Street.
The building is occupied by British-Dutch multinational information and analytics company Relx.
TT&G Partners advised CBRE IM while Griffiths Eccles advised the vendor Abrdn.