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BMO Commercial Property Trust Limited is pleased to announce the disposal of Cassini House located in St. James’, London. The property is a prime multi-let freehold office building and represents the second largest holding in the portfolio.
The Company has sold the property for a total consideration of £145.5million, reflecting a substantial increase of 11 per cent over the last external valuation of 30 June 2021 and 19 per cent over the year-end valuation of 31 December 2020. The disposal represents the culmination of a long-term business plan which involved a complete refurbishment, introduction of new tenants and re-gearing of leases.
Source : Company