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Derwent London Sells Fitzrovia Property

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75 Wells Lane

Derwent London sold the long leasehold on 75 Wells Lane in the heart of Fitzrovia, according to Bdaily. The deal comes after about two and a half months of negotiations spanning through Brexit.

The six-storey 34k SF refurbished office with some retail space was snapped up for £41M by an undisclosed private investor. The property demands about £1.2M in annual rent and is let by multiple tenants. [BD]