Boutique City developer Beltane has completed a pair of off-market City deals as it continues to increase its pipeline in the capital.
The company has bought 108 Cannon Street, EC4, from a private Middle Eastern client of Knight Frank.
It paid around £16m, reflecting a yield in the region of 12%, for the 40,000 sq ft building.
Beltane has also completed the purchase of Asia House, Lime Street, EC3, from Land Securities, a deal it engineered at MIPIM.
It plans to refurbish both buildings.
GM Real Estate advised Beltane on Cannon Street; Knight Frank advised vendor.
jack.sidders@estatesgazette.com
