Ivanhoé Cambridge has acquired 21 Lombard Street, an office property located in the City of London, from an undisclosed seller for approximately £130 million (gross).
21 Lombard Street is a prestigious Class A core asset, offering 116,000 ft2 (10,775 m2) of leasable space. The property is leased entirely to a large international bank for the long term, thought to be UBS, though floors are available on subleases expiring December 2026.
“We are very proud of this acquisition, our third office property in the City of London in less than six months,” said Meka Brunel, Executive Vice President, Europe, Ivanhoé Cambridge. “We remain focused on a clear investment strategy of building a critical mass of quality office assets in London, alongside our partner Greycoat.”
DTZ represented the seller in the transaction, while Greycoat and Knight Frank acted for Ivanhoé Cambridge.