Capital Trust Ltd Registered in England. Registered Number: 941064. Registered Office: 49 Mount Street, London
W1K 2SD. Capital Trust Ltd is Authorised & Regulated by the Financial Services Authority.
Press Release
Date: January 2002
City Keys Acquired for £15.8M
City Keys, 110-114 Middlesex Street , London E1 has been bought by clients of Capital Trust Ltd for £15.8m.
City Keys is let to AMEC, who are not in occupation, on three Leases with 12 sub-tenants. The three interconnecting
buildings totalling 4,353m² (46,868sqft) were built in early 1990's to a very high specification and are located 1
minute from Liverpool Street Station, 100m's from the renowned “Broadgate” Development.
Capital Trust Ltd, Investment Advisors to Cheldon Estates Ltd, majority owned by Capital Property Limited
Partnership, initiated and structured the deal. Nick Judd, Property Fund Manger of Capital Trust said, “this high
quality asset combines defensive qualities with good growth and active asset management opportunities.
Esme Lowe, European Real Estate Director of Capital Trust comments “this acquisition takes Capital Property
Limited Partnership to approx. 25% invested and underlines their continued confidence in the markets”.
Saxon Law acquired the investment for the purchaser at an initial yield of 6.31% and a reversionary yield of 9.2%.
Morgan Pepper acted for Scottish Amicable represented by Prudential.
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