World and foreign property news 10.07.2010

International property / World and foreign property news / Mitsubishi scores major deal on London commercial property market

Mitsubishi scores major deal on London commercial property market

The Japanese company sold its office building - Bow Bells House – located in financial district of British capital – the City. Deal is worth more than 140 million pounds ($213 million).

A private investor, whose identity is undisclosed has decided to purchase this building with a floor area of 15.3 thousand square meters. Bank of Ireland is one of the main renters in this complex, Bloomberg reports.

According to Masami Amano, managing director of Mitsubishi Estate’s U.K. business, this deal would allow the company to continue its further development in Britain. At the moment, the company is looking across the City and West-End in order to find other commercial properties.

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