SWIP announces investment in "quality" London property
Scottish Widows Investment Partnership (SWIP) has confirmed it has bought a commercial property in central London.
The trust has purchased 60 Charlotte Street, Fitzrovia, for £32.4 million in an attempt to add to its portfolio of high-quality real estate developments.
Gerry Ferguson, head of UK wholesale estate funds at SWIP, said the purhcase from the Premier Property Group (PPG) will enable its investors to gain exposure in the market and receive a "stable return".
"The acquisition … very much fits with our strategy for SWIP Property Trust of investing in core, quality property with secure income and the clear prospect of income growth," he remarked on the property investment.
Since it was acquired by PPG in 2007, the building has been redeveloped and extended.
This is not the only development to occur in the area, as Kaupthing, Aviva Investors and Exemplar recently announced their plans to transform the former Middlesex hospital site in Fitzrovia into a multi-use facility.
Posted by John Hansbrough
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment