TwinFM

The online information & weekly news
service for Corporate Real Estate, Support
Services and Facilities professionals

Property

Credit Suisse Buys The Monument Building

Credit Suisse Buys The Monument Building
Jan 10
2018
👤 by Cathryn Ellis

Credit Suisse’s Real Estate Fund International (REFI) has purchased the 94,000sq.ft (8,733sq.m) 10-storey office-led The Monument Building in the City of London for about £118 million from Skanska.

Designed by Ken Shuttleworth’s Make Architects, the building features a ‘curtain’ of twisted, anodised aluminium fins on the south façade, four terraces, a large reception area and state-of-the-art cycle storage and shower facilities.

The building is multi let, with its floors occupied by a diverse group of tenants: Aldermore Bank, Booking.com, M7 Real Estate and Portuguese bank Caixa Geral de Depósitos, while Le Pain Quotidien and Olive + Squash are the retail tenants. Savills advised Skanska on the sale of the building.

“The development has been a real success, winning multiple awards and attracting great tenants to work in this dynamic and historic part of London,” said Helen Martin, MD at Skanska.

Skanska’s UK development business was established in 2012. It identifies opportunities in commercial development, focusing primarily on office buildings. The sale of The Monument Building follows the completion and sale of 66 Queen’s Square in Bristol in 2015. Skanska continues to build its portfolio in the two cities.

Picture: Monument Building

Tags

Subscribe to Our Weekly News Service

Your e-mail will be secure with us. We will not share your information with anyone !

Follow @ThisWeekInFM


Opinion

Are Building Management Systems about deliver what their name has been promising for far too long? A solution that manages the building? asks Simon Bl [...]

View more

Useful LinksTAKE A LOOK →

International News

If you've got employees driving across Europe for business or even to head for ski resorts, you may wish to inform them about new speed limits in Fran [...]

View more international news

Recent Comments

Listening to your clients is the ONLY way to deliver on the level of customer service they want. Deafness causes friction and a breakdown of trust and [...]

We have tried and tested the majority of products to mask combat odours in the toilets the Ecobreeze is the 1st product we have tried that works! And [...]