29 August, 2018
DTZ Investors completes sale of 55 Gracechurch Street for £69m
![](/media/263769/gracechurch.png?crop=0,0.58754406580493546,0.0000000000000001263187085796,0&cropmode=percentage&width=730&height=365&rnd=132191673865830000)
DTZ Investors has completed the sale of 55 Gracechurch Street, EC3 to Hong Kong based Tenacity Group for a consideration in excess of the guide price. The sale was launched in May at a guide price of £60m, with the property attracting strong interest from both high net worth and institutional global investors. The property is securely let to four tenants with reversionary rents across the building of £40.68 per sq ft overall. The Royal London Mutual Insurance Society is the principal tenant, occupying the building as its headquarters and accounting for circa 61% of total income.
Cushman & Wakefield acted for DTZ Investors and Savills acted for the buyer.
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