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.
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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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