The Great Ropemaker Partnership, a 50:50 Joint Venture between Great Portland Estates plc (GPOR.L) and The BP Pension Fund, has acquired 148 Old Street, EC1 from The BP Pension Fund for 30.0 million pounds.
148 Old Street is a 97,807 sq. ft., office building arranged over lower ground, ground and six upper floors. It is held freehold and is let to Royal Mail Group Limited at a rent of 2.17 million pounds per annum until 2020, with a rent review and tenant break option in May 2015.
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