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Triuva snapped up the freehold of a prime City of London property. The German real estate fund manager paid TH Real Estate about £32M in an off-market transaction for 62-64 Cornhill. The fully let mixed-use property provides about 24k SF of office and 7k SF of retail, for a total of over 32k SF.
The building was constructed in 1988 and comprehensively refurbished in 2014, delivering a BREEAM certificate rating of “very good”. The anchor tenant is DHL. The building is within the prime office core of the City of London, a stone’s throw from the Bank of England.
Triuva head of investment management Manuel DeVigili says the company leveraged the current market phase following the Brexit to secure a premium property at attractive terms.
Savills advised Triuva. Linklaters provided the legal expertise.
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