Hunters Property Investment has sold Inigo House, 29-30 Bedford Street, Covent Garden on behalf of the major Scandinavian Institution DNB Bank, Norway, to a private Middle Eastern investor, advised by BNP Paribas Real Estate, the leading property adviser, for £12.60m and 3.7% net yield.
The 10,873 sq ft freehold, retail and office investment is currently let to Paul Café and office tenants.
BNP Paribas Real Estate’s Gregor Wallace said: “Our client is delighted to have acquired one of the most competitively sought after assets in the market. This is a super rare, attractive and modern building in an excellent location – ticking all the boxes.”
Hunters Property Investments’ Saskia Hunter added: “We were delighted at how well this asset was received and the result is another example of the appetite for prime London assets in this market.”
