Credit Suisse AM buys Monument Building in London

Credit Suisse Asset Management acquired in the City of London: The Monument building at 11-19 Monument Street in London was acquired for Credit Suisse Real Estate Fund International, a real estate fund for qualified investors. The purchase price amounts to GBP 118 million. The seller of the building was Skanska Project Developments Ltd; MünchenerHyp acted as underwriter for the transaction.

The property is a ten-story, Class A, BREEAM "Excellent" building designed by Make Architects and completed in 2016. The high-specification building comprises 8,674 sqm of office and retail space and is currently leased to several creditworthy companies, including those in the property management, online travel and financial services sectors, according to CS.

The Monument Building has immediate access to public transport and is located directly opposite the Monument London Underground station. "The prime location of this building in the heart of London makes it a very attractive property," comments Christoph Schumacher, Global Head of Real Estate at Credit Suisse Asset Management, the transaction.

Images: themonumentbuilding.com