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GI Partners and Rowan acquire Central London office building: Aldwych House

GI Partners, in partnership with Rowan Asset Management, to announce the £82.7 million freehold acquisition of Aldwych House, a 163,000 square foot office building located in the heart of London’s Midtown office district. Midtown is centrally positioned between the City and the West End office markets. The transaction was funded by capital from GI Partners Fund III L.P. with investments coming from Rowan and Taurus Investment Holdings, LLC and debt finance provided by Nationwide Building Society. Aldwych House, built in 1926 and last renovated in 1988, is currently 89% let to 11 tenants over ten floors. Existing tenants include Associated British Ports, the London School of Economics and Manches, the solicitors. Rowan will act as a...[…]