St Swithin’s Estate acquired for £7.6million

The freehold St Swithin’s Estate has been acquired for £7.6m by a new joint venture company between CGIS Group and the Bard family.

Located in the City of London, the Estate comprised four commercial buildings, but two have been sub-sold to Langham Trust and terms have been agreed for the sale of a third to Stratton House Investment Property.

The one property to be retained is a largely vacant six-storey office building at 111 Cannon Street. It will be refurbished and re-let on short leases pending preparation of a comprehensive scheme for redevelopment.

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