30 Farringdon Street, London EC4
Private clients of Kinney Green have sold 30 Farringdon Street, London EC4 to Invista Real Estate Management for £18,910,000, reflecting a yield of 5%.
The building is let to Reed Elsevier UK Ltd for a rent of £1,000,000 per annum until 2054.
Kinney Green was initially instructed on the failure of the previous tenant, BNB Resources, to market the vacant building. However, under privity of contract, Reed Elsevier, the original tenant, were required to take back the lease and pay the rent, which enabled the investment sale.
