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August 26, 2011updated 12 Apr 2017 4:12pm

Hannover Leasing buys £139m London office

Hannover Leasing, one of Germanys biggest leasing companies, has expanded its UK property business after buying abuilding in the City of London for £139m.Hanover, which specialises in property, but also leases airplanes, ships and renewable energy, bought 30 Crown Place, a19-storey office building near Liverpool Street station, from Greycoat Central London Office Development Fund.

By Nick Huber

Hannover Leasing, one of Germany’s biggest leasing companies, has expanded its UK property business after buying an office in the City of London for £139m.

Hannover, which specialises in property, but also leases airplanes, ships and renewable energy, bought 30 Crown Place, a 19-storey building near Liverpool Street station, from Greycoat Central London Office Development Fund.

The 198,000 sq ft property, completed two years ago, is 85% occupied by Pinsent Masons, a law firm, and 15% by Crown Place Financial.

Pinsent, which has a 20-year lease ending in 2030, plans to take over the entire building when Crown Financial’s lease expires in five years’ time.

 

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