A UK real estate investment venture created by Conren Land, Indigo Invest and Dartriver London has bought a mixed-use building in London from hotel developer and operator Whitbread.
CLI Dartriver London, has bought the Zinc office and retail building at 68-86 Farringdon Road in a 拢39.8m (鈧�46m) forward funding deal.
Upon completion, scheduled for early 2023, Zinc will comprise a total net area of 2.600sqm distributed over the first floor and five upper floors.
Roman Klasen, managing director at Conren Land, said: 鈥淶inc is an exceptional building that will make its mark on the vibrant Farringdon district. That鈥檚 why this deal fits so well with Conren Land鈥檚 strategy for European cities: we acquire buildings which add real value both in terms of architecture and use to the surrounding area.鈥�
In March 2020, Dartriver London teamed up with German investment firms Conren Land and Indigo Invest to build a 拢1bn London real estate development and investment portfolio. The trio created CLI Dartriver to invest predominantly in office and some mixed-use assets.
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