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1 Stratford Place sells for £70m

Curzon Capital Partners’ Core Plus Fund CPP IV, advised by pan-European real estate investment manager Tristan Capital Partners, has bought 1 Stratford Place, a Grade A office building at the entrance to Westfield Stratford City, from Westfield, for £70m.
By James Buckley
April 2, 2015 | 4:28 P.M.

The property was developed in 2011 and comprises a single office block which sits above the eastern part of the Westfield Stratford shopping centre, adjacent to Stratford Station. The building provides 127,009 sq ft of Grade A office space over six floors and is let to high-quality covenants including Network Rail, London Legacy Development Corporation and Coral Racing at an average rent of £33.50 per sq ft. Half of the 8th floor is currently vacant, equivalent to approximately 10,000 sqft.

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