Sovereign House, 224 Marsh Wall, Docklands, London, E14
Sovereign House, 224 Marsh Wall, Docklands, London, E14
Address: Sovereign House, 224 Marsh Wall, Docklands, London, E14
Size: 72,000 sq ft
Client: AXA Real Estate Investment Management
Transaction: Capital Markets Purchases
BBG advised AXA REIM on its first London purchase when the German fund bought this key data centre building in London’s Docklands for £29m, reflecting a Net Initial Yield of 6.4% for 18 years of income. The building comprised 72,000sq.ft., originally built as offices and subsequently entirely converted to data centre use.
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