LONDON (AFX) - Property investment and outsourcing company, Mapeley Ltd said it has bought Leon House in Croydon from HSBC Specialist Investments UK Active Property Fund for 53.2 mln stg cash.
Leon House is a 241,860 sq ft multi-let building comprising an office tower on 2nd-20th floors and a 2 storey podium with offices and retail space providing an aggregate rent of 3.69 mln stg per annum.
More than 80 pct of the income is derived from government or investment grade occupiers, the company said in a statement. newsdesk@afxnews.com ra COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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