Eurazeo: buys Euston House in London
(CercleFinance.com) - Eurazeo Patrimoine announces the acquisition of Euston House, an office building in London, in collaboration with Arax Properties.
This building, which is freehold, was acquired for approximately 105 million euros and after financing will represent an equity investment of around 40 million euros for Eurazeo.
With a surface area of approximately 11,000 m2 (119,000 sq ft), Euston House is located in the London borough of Camden.
"The building is fully leased until 2022 and will therefore provide a secure rental income and ultimately, strong rental reversion potential. A refurbishment program will be implemented to capture this potential and significantly enhance the asset's value," management said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This building, which is freehold, was acquired for approximately 105 million euros and after financing will represent an equity investment of around 40 million euros for Eurazeo.
With a surface area of approximately 11,000 m2 (119,000 sq ft), Euston House is located in the London borough of Camden.
"The building is fully leased until 2022 and will therefore provide a secure rental income and ultimately, strong rental reversion potential. A refurbishment program will be implemented to capture this potential and significantly enhance the asset's value," management said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.