03/02/2015 by Buildington
AXA Real Estate has acquired Camomile Court, on behalf of ERAFP, from Cordea Savills, on behalf of its European Commercial Fund, for £47.97 million (€64.23 million).
Situated in a prime location within the City of London, Camomile Court benefits from its close proximity to Liverpool Street’s existing tube and train station and will be further advantaged by the new Crossrail terminal which is due to open in 2018.
Fully let to six tenants on strong covenants with an average lease length of over 4 years, the asset, which was built in 1990, underwent a major renovation in 2009, giving it a BREEAM In-Use ‘Good’ rating.
Source: AXA Real Estate 30.01.2015