Jaguar Capital in £183m property sale

Irish wealth management company Jaguar Capital has today completed a sale of London's Thames Court for £183m (€272.56m).

The company bought the prime office investment for £129m (€192.1m) in 2004.

“The prime location and specification of the property positions it ideally to benefit from the recent strong recovery in central London rents,” said Dermot Maguire, head of property investment at Jaguar.

“Furthermore, yield contraction has significantly boosted the value. However, with the two main leases approaching just 10 years to break, having taken advice, it was decided prudent to realise the profit on this investment.”

Jaguar has also just completed the purchase of a circa Stg£98m (€145.9m) office investment on the South Bank, near Waterloo station, called Becket House.