Investors Vie for Prime City Asset
Ropemaker Place, EC2 is reputed to be the most expensive building currently on the market in the City of London.
The 575,000 sq ft property is currently owned by developer British Land, who began marketing the building in August 2012 for approximately £500 million. Two Investors are reputed to be battling to purchase the investment; namely Axa Real Estate Investment Management and Norges Bank Investment Management.
The building generates more than £20m of rental income per annum, and is fully let to a number of tenants including Bank of Tokyo Mitsubishi occupying 187,000 sq ft and Australia’s Macquarie Bank which occupies 217,000 sq ft of office space.
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