The Stable Income European Real Estate Fund – Macquarie 2 (SIEREF - Macquarie 2) fund , jointly advised by Macquarie Asset Management and Mapfre, has acquired an office building at 8-10 Old Jewry in the City of London for an undisclosed amount.
Originally built in 1913, the recently refurbished historic property is comprised of 57,745 ft2 of high-quality office, restaurant, and ancillary space. Located 150 metres from the Bank of England in the heart of London’s ‘Square Mile’, the building is a short distance from several underground and mainline stations including the new Elizabeth Line at Moorgate.
The building is fully leased to tenants in the technology, banking and finance, professional services, and restaurant sectors.
Christian Goebel, co-head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy, said: ‘London maintains its reputation as one of the world’s most dynamic and resilient cities. Our team is now seeing well-priced opportunities emerge across the market, enabling us to reposition and seek to enhance the sustainability credentials of properties.’
The acquisition of 8-10 Jewry follows the purchase of an office building in central Berlin by the Stable Income European Real Estate Fund – Macquarie 2 (SIEREF – Macquarie 2) announced by Macquarie Asset Management and MAPFRE last month.