Pramerica moves £100m of London office buildings

first_imgMonday 6 September 2010 8:13 pm Show Comments ▼ KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL whatsapp Pramerica moves £100m of London office buildings whatsapp INVESTMENT manager Pramerica announced the completion of £100m of property transactions yesterday, in a sign that the prime London office market is beginning to move. The real estate investor bought 20 Grafton Street in Mayfair for £47.8m, on behalf of a family office. The building is currently fully leased to investment bank Perella Weinberg Partners, with around 12 years remaining on the lease.The firm has also completed the sale of 50 Broadway in Westminster for £53.7. The office block, let to lawyers Bircham Dyson Bell, was bought by an unnamed client of Citi Private Bank. “Our objective has been to take advantage of the recent strength of the London investment market”, said Pramerica portfolio manager Ben Penaliggon.Pramerica owns property across Europe and the Middle East with a net asset value of $4.1bn (£2.66bn). Sharelast_img read more