LONDON, United Kingdom, July 15, 2024 -- Triple B, an international investment group dedicated to fostering innovation, empowering entrepreneurs, and improving communities, is excited to announce its latest acquisition: the iconic 7 Birchin Lane property in the heart of London's financial district. This strategic move not only broadens Triple B's commercial real estate portfolio but also solidifies its growing presence in the UK market.
Birchin Lane, an iconic location within London's traditional core, boasts a fully leased, diverse tenant mix and offers exceptional transport connectivity. The property, which includes approximately 23,000 square feet of leasable area, features a recently refurbished, Grade A office space spread across eight upper floors and a lower ground floor. With an EPC rating of B, the building exemplifies sustainable and future-proofed real estate development.
Commenting on the acquisition, Thomas A. Bata, CEO of Triple B, said, "We are pleased to add 7 Birchin Lane to the Triple B real estate portfolio. This acquisition fits seamlessly with our strategy to invest in high-quality properties that offer both local significance and modern amenities. Birchin Lane is a prestigious address within London’s financial district, and we look forward to building upon its legacy."
The strategic location of 7 Birchin Lane, less than 150 metres from the Bank of England and The Royal Exchange, offers tenants unparalleled access to London's financial and commercial services. Surrounded by major corporate occupiers such as Rothschild & Co, Bloomberg, and Standard Chartered Bank, the property is situated in a prime position within a pedestrianised street linking two of the City’s major thoroughfares, Lombard Street and Cornhill.
"At Triple B, we believe in investing in properties that combine historical value with modern functionality," remarked Scott Dwyer, Senior Real Estate Advisor at Triple B. "Birchin Lane not only offers an exceptional location but also the potential to create a vibrant and sustainable environment for our tenants. We are committed to enhancing its offerings and ensuring it remains a key asset within our portfolio."
The acquisition of 7 Birchin Lane represents a pivotal step in Triple Bʼs strategic expansion within the commercial real estate sector, enhancing its presence in key European markets. With its prime location in Londonʼs esteemed financial district, Birchin Lane is set to bolster Triple Bʼs portfolio and contribute positively to the vibrant local landscape. Allsop advised the vendor and LSH advised Triple B on this transaction.
