Strutt & Parker completes £82m Aldwych House sale

Acting on behalf of Consolidated Real Estate Management Services Investment Strutt & Parker has sold Aldwych House, 71-91 Aldwych, London WC2 to GI Partners and Rowan Asset Management. Strutt & Parker's West End investment team sold the Midtown office building for £82.7m.

The freehold purchase of the 163,000 sq ft was funded by funded by capital from GI Partners Fund III, alongside investments from Rowan and Taurus Investment Holdings.

Aldwych House was built in 1926 and last renovated in 1988. It is 89% let to 11 tenants over ten floors, and Rowan will act as asset manager, overseeing a refurbishment of the building, as well as repositioning Aldwych House in the marketplace.  Existing tenants include Associated British Ports, the London School of Economics and Manches, the solicitors.