Press release
2006-07-27
SITQ : Landmark Acquisition in London
Montreal July 25th 2006 - CDP Real Estate Europe announced today the acquisition by SITQ of a landmark office building, located adjacent to Victoria Station in London SW1, for an amount in excess of $430 million dollars CND.
151 Buckingham Palace Road forms part of a development designed by Arup Associates and completed by Greycoat plc in 1991. The property is let to the British Government for another 15 years.
“By the very nature of its lease structure, and the quality and flexibility of its office space, the acquisition of 151 Buckingham Palace Road will enable SITQ to fully take advantage of Victoria’s long term repositioning as a core West End location” underlines Paul Campbell, President and Chief executive officer, SITQ.
151 Buckingham Palace Road forms part of a development designed by Arup Associates and completed by Greycoat plc in 1991. The property is let to the British Government for another 15 years.
“By the very nature of its lease structure, and the quality and flexibility of its office space, the acquisition of 151 Buckingham Palace Road will enable SITQ to fully take advantage of Victoria’s long term repositioning as a core West End location” underlines Paul Campbell, President and Chief executive officer, SITQ.
