Trinova Real Estate sells 100 Leman Street on behalf of Stena Realty

Dutch based and privately owned Stena Realty (part of the Swedish Stena AB Group), has sold the freehold interest in 100 Leman Street, London E1. London based Trinova Real Estate advised and executed the transaction on behalf of Stena Realty to a UK Institution. The sale represents Stena Realty’s first full life cycle investment in the UK, generating returns significantly ahead of underwriting.

Edmund Costello, Partner at Trinova Real Estate commented:

“Ž”The sale of 100 Leman Street represents a very successful first full life-cycle deal for Stena in the UK. The structural change that was forecast for the micro location in 2011, when the property was acquired, has materialised and we were presented with a very attractive opportunity to exit the asset, generating significant returns for or our client.”

Ronald Visscher, Managing Director of Stena Realty commented:

“In 2011 we identified an opportunity to benefit from a strong regeneration story in London E1, directly adjacent to the heart of the City of London, with upside potential in various hold scenarios. The full life cycle opportunity happened faster than envisaged, and as a result of professional and intensive management together with Trinova, our period of ownership has led to a very successful turnaround of this asset.”