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Real Estate Team advises Royal London Asset Management on sale of Peninsular House
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Our Real Estate Team has advised Royal London Asset Management on its sale of Peninsular House, Monument Street London EC3, to a Special Purpose Vehicle for approximately £37.5 million.
Situated on Monument Street at its junction with Lower Thames Street, the property comprises an 11‑storey building of reinforced concrete construction currently providing office accommodation throughout. The building benefits from excellent connectivity, being within easy walking distance of Monument Underground Station and Fenchurch Street Railway Station, placing it at the heart of the City of London.
The sale of Peninsular House represents a strategic disposal for Royal London Asset Management Property and underscores a disciplined approach to portfolio management. It reflects continued confidence in the underlying fundamentals of the asset and the wider commercial property market.
The team was led by Principal Associates Jane Reyersbach and Angela Perry.
Felicity Lindsay, Client Partner, and Jane Reyersbach, Principal Associate, at Gowling WLG, commented: "This transaction reflects Royal London Asset Management Property's proactive approach to portfolio management. We are pleased to have advised on this transaction and to continue our strong working relationship with Royal London Asset Management Property."
Gowling WLG is home to one of the UK's largest real estate practices. To learn more about our expertise and services, visit our Real Estate sector page.
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