Parker Tower, Parker Street, London, WC2
- Building let to BT, but sub-let to Aegis Media.
- An opportunistic purchase to take advantage of an anticipated improvement in the Central London market
- There was also the opportunity to effect a surrender of the BT lease and entering into a direct lease with Aegis on better terms.
- Gross Rent : £1.95 m per annum
- Total Area: 54,245 sq ft.
- Outline terms agreed with BT and Aegis, together with a plan to refurbish common parts and replace M&E in return for a longer lease and higher rent.
- Purchased: £26.35 m June 2004
- Sold: £39.40 m Sept 2005