LGIM Real Assets has continued its push into the office sector with the acquisition of a prime West End asset. The property, located at 51-53 Great Marlborough Street in London, was purchased for ยฃ70m by the LGIM Real Assets Managed Property Fund. This purchase is part of LGIM’s strategy to expand its office portfolio in key locations across the UK. The property consists of a nine-storey building with a total floor area of 48,800 sq ft, and is currently fully let to a mix of office and retail tenants.
The acquisition of 51-53 Great Marlborough Street is just the latest in a series of office acquisitions by LGIM Real Assets. The company has been actively pursuing opportunities to add high-quality office assets to its portfolio, as demand for office space in prime locations remains strong. LGIM Real Assets has identified the West End as a key market for investment, given its status as one of the most desirable office locations in London.
The property at 51-53 Great Marlborough Street is located in a prime location within the West End, with excellent transport links and amenities nearby. The area is known for its vibrant mix of retail, dining, and entertainment options, making it an attractive location for office tenants. LGIM Real Assets plans to leverage the property’s strong fundamentals to drive value and income growth for its investors.
LGIM Real Assets has a proven track record of success in the office sector, with a portfolio that includes some of the most prestigious office buildings in the UK. The company’s focus on high-quality assets in prime locations has helped it attract a diverse range of tenants and deliver strong returns for investors. By continuing to expand its office portfolio, LGIM Real Assets aims to capitalize on the robust demand for office space in key markets.
The acquisition of 51-53 Great Marlborough Street underscores LGIM Real Assets’ commitment to growth and innovation in the office sector. The property’s prime location, combined with its strong tenant mix, positions it well for long-term success in the vibrant West End market. LGIM Real Assets will continue to seek out opportunities to acquire high-quality office assets that offer strong income and capital growth potential.
Overall, the acquisition of 51-53 Great Marlborough Street is a testament to LGIM Real Assets’ expertise and strategic vision in the office sector. The company’s focus on prime locations and high-quality assets sets it apart in a competitive market, and its commitment to delivering value for investors remains unwavering. With this latest acquisition, LGIM Real Assets is well-positioned to continue its success in the office sector and drive strong returns for its investors.
