Tag Archives: Evans Randall

St Martins buys 5 Canada Square from Evans Randall for close to £385m

Evans Randall has completed the sale of 5 Canada Square in Canary Wharf, E14 to St Martins Property, the real estate fund of the Kuwaiti government, for close to £385m, a yield of 5%, CoStar News understands. The deal represents … Continue reading

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Evans Randall reduces write-down on €210m “Ten Towers” sale to WealthCap

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Evans Randall has sold the Telekom Center skyscraper in Munich for €210m to WealthCap, the German real estate investment subsidiary of UniCredit Bank, financed by a circa 50% LTV senior loan provided by DG Hyp, CoStar News can reveal. The … Continue reading

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Evans Randall brings 5 Canada Square to market for £380m

Evans Randall has brought to market 5 Canada Square in Canary Wharf, E14, for around £380m, two years after a Lloyds Banking Group restructuring effectively reset the original purchase price to circa £365m. The asking price represents a net yield … Continue reading

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IVG takes currency hit on five-bank Gherkin loan

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IVG Immobilien, the joint venture partner of the Gherkin office tower, needs to raise up to £75m in fresh equity from investors to plug a currency liability in the Swiss franc loan securing the City of London trophy, driven by … Continue reading

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Ginko Tree Investment to buy £285m Drapers Gardens (updated 15:30 30/5)

Chinese investment company Ginko Tree Investment is buying Evans Randall’s Drapers Gardens office complex in the City for around £285m. The RREEF this week exchanged contracts to buy the 292,500 sq ft property, EC2, from Evans Randall for an equivalent yield … Continue reading

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Boston Properties replaced as Drapers Gardens’ £285m buyer

Mort Zuckerman’s Boston Properties has dropped out of the race to buy Evans Randall’s £285m-valued Drapers Gardens in the City of London, which has gone under offer for the third time in six months to another invetsor, writes James Buckley … Continue reading

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Evans Randall rebalances Docklands equity

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Evans Randall, the private UK investment banking and private equity group, has closed the purchase of London’s Docklands data centre for £27m and sold a partial equity stake in 5 Canada Square. AXA Real Estate sold Sovereign House, at 227 … Continue reading

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Evans Randall eyes massive Drapers Gardens sale premium

Evans Randall, the UK private equity real estate company, is in talks to sell Drapers Gardens to Boston Properties, the US real estate investment trust, for around £285m, which would mark a £42.5m premium to the price paid less than … Continue reading

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