New City Court in St Thomas' Street has been acquired by Great Portland Estates for £43 million. Its current tenants include the Body Shop.
"New City Court provides the group with a significant holding opposite a major transport interchange, in a rapidly improving area of London," says chief executive Toby Courtauld. " It produces a healthy running yield, off low rents, with plenty of asset management opportunities."
Last November GPE acquired a site on Blackfriars Road for £11 million. It also has holdings in Tooley Street and Shand Street.
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