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Investment Department - Summary of Recent Deals

For further information, please contact Niall Gallagher, 020 7855 3575.


     31-33 High Holborn, London WC1

     Role Vendor’s Agent
     Vendor BT Plc
     Purchaser Private Investor
     Completion Q3 08
     Price In excess of £4.2m (Vacant Possession)
     Tenure Leasehold 150 years unexpired
     Net Lettable 11,350 sq ft


     Sardinia House, 52 Lincoln’s Inn Fields, London WC2

     Role Vendor’s Agent
     Vendor Standard Life Investments
     Purchaser Land Securities
     Completion Q1 08
     Price £13.5m
     Tenure Freehold
     Net Lettable 24,928 sq ft
     Net Initial Yield 5.61%


     Wellington House, 125 Strand, London WC2

     Role Vendor’s Agent
     Vendor Standard Life Investments
     Purchaser Duchy of Lancaster
     Completion Q1 08
     Price £17.65m
     Tenure Leasehold 72 years unexpired
     Net Lettable 42,470 sq ft

Princeton House, 271/273 High Holborn, London WC1

Role Vendor's Agent
Vendor PRUPIM
Purchaser Private Investor
Completion Q4 07
Net Lettable 80,000 sq ft (VP 03/08)
70-74 Cannon Street, London EC4

Role Purchaser's Agent
Vendor
Invista
Purchaser
Milton Group
Completion
Q4 07
Price
£6.275m
Net Lettable
11,400 sq ft
Net Initial Yield
4.90%
50-52 Chancery Lane, London WC2
Role Vendor's Agent
Vendor CBRE Investors
Purchaser AXA / CIS
Completion Q3 07
Price £11.175m
Net Lettable 30,755 sq ft
Net Initial Yield 3.91%
51 Lincoln's Inn Fields, WC2
Role Vendor's Agent - Sale & Leaseback
Purchaser Legal & General
Completion Q2 07
Net Initial Yield 4.44%
Equivalent Yield 4.50%

12 Norwich Street & 98 Fetter Lane, EC4

Role Vendor’s Agent
Vendor Scottish Widows
Purchaser GE / GraceMark
Completion Q2 07
Price £26.15m
Net Initial Yield 4.47%
PSF £533

95 New Cavendish Street, W1
Role Purchaser's Agent
Vendor Great Portland Estates PLC
Purchaser South Yorkshire Pensions / Standard Life
Completion Q1 07
Swapped With 1 Tenterden Street, W1 (£14m)
9-13 St. Andrew Street, EC4
Role Purchaser's Agent
Vendor Rosenblatts Solicitors
Purchaser Scottish Widows
Completion Q1 07
Price £13.122m
Net Initial Yield 4.50%
70 Gray's Inn Road, WC1
Role Vendor's Agent
Vendor Great Victoria Partnership
Purchaser Arlington
Completion Q1 07
Price £24.2m
Net Initial Yield 2.93%
64 Lincoln's Inn Fields, WC2
Role Vendor's Agent
Vendor US Private
Purchaser UK Private
Completion Q1 07
Price £4.6m
Net Initial Yield 4.87%

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