LONDON 1 October 2019 – CBRE Global Investors has completed the acquisition of The Buckley Building, Clerkenwell Green, London EC1. The asset was acquired from Derwent London.
The 85,140 sq ft office building was comprehensively refurbished in 2013 providing large floor plates and offering category A specification. It is multi-let to four strong office tenants and one retail tenant. Covering six floors, the attractive 1930s warehouse has a panoramic terrace on the fourth floor. It has been awarded a BREEAM rating of Very Good.
Located at one of the most desirable addresses in this sub-market, Farringdon station is within easy reach of the property. Farringdon is forecast to become one of the UK’s busiest stations following the opening of Crossrail. The location’s accessibility is a significant appeal to occupiers.
The Farringdon sub-market benefits from good occupational demand, appealing to a diverse occupier base. The quality of the building, connectivity and micro-location makes this an attractive investment proposition.
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About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.7 billion in assets under management* as of June 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.