Real IS acquires 80,000 sq ft of office space
31st August 2010Asset manager Real IS has completed a deal to buy 80,000 sq ft of London office space.
Asset manager Real IS has completed a deal to buy 80,000 sq ft of London office space.
The owners of Tower 42, which encompasses 342,000 sq ft of office space, have taken the building off the market.
Office space rental values will soar in months to come, it has been predicted, amid a supply shortfall for premium offices.
UBS is going ahead with a new £600 million office development in the City, after negotiating a deal with Blackstone Group and British Land.