Global property fund manager Stenham said its Third UK Property Fund has made its first investment with the purchase of a one-third stake in a Grade A office building in London. The landmark property, located at 1 Victoria Street, Westminster, in London, is let to the First Secretary of State, a government department, on a lease until February 2021, with no break clauses. The next rent review date is January 2011, Stenham said in a statement.
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