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)

By

 Paul Norman
CoStar News

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.

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