Balder Makes First London Acquisition
Sweden — Balder has acquired 8 Fenchurch Place in the city of London. The property has a lettable area of just over 9,000 sqm and is rented mainly to insurance companies and consulting companies with a remaining average term of 9 years. The investment amounts to GBP 75 million and has rents of GBP 4.4 million.
This is Balder's first acquisition in London, which has been a market we have been following for some time. The acquisition is a natural step for Balder in the diversification of the property portfolio that we have carried out in recent years. We hope to find further investments in London in the future.