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.

2019-01-14

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.

Axel Ohlsson

axel@nordicpropertynews.com