St Matthew’s House, Shepherdess Walk, London, N1
- Let to Guardian IT, subsequently taken over by Sungard Inc.
- Gross Rent: £1.086 m per annum.
- Total Area: 39,730 sq ft.
- An opportunistic purchase, as part of a larger portfolio with an exposure to the Central London market.
- Allocated purchase price of 10% NIY reflected a poor covenant. Once Sungard bought the tenant, we sold on the basis of a stronger covenant at a profit.
- Purchased: £10.40 m May 2002
- Sold: £11.1 m June 2004