Corem acquires prime City of London Office Building from Aberdeen Standard

Specialist institutional investor COREM IM continues to expand its UK portfolio with the acquisition of a core City of London office building on Great St Helens EC3 from Aberdeen Standard for c. £16m. The purchase compliments COREM's previous retail investments, adding balance to its growing UK portfolio. The purchase was completed in a short timeframe, utilising 100% equity.

Peter Lillington, a director at COREM said: "We are delighted to have secured this prime freehold office building located in the heart of the City of London's tower cluster. Current and future developments within this eastern cluster will create the highest density of employment in the Square Mile attracting major international and national occupiers to the area, and help the City of London to maintain its position as a major global financial centre. 

"With our experienced team, market penetration and ability to deploy capital quickly we aim to continue to expand our UK commercial investment portfolio over the coming months."

COREM was represented by JLL; Savills acted for Aberdeen Standard.