50 Cannon Street

Daniel Watney acting as selling agents, are delighted to announce the completion of the off market sale of 50 Cannon Street, London EC4, on behalf of our client MDDUS Property Limited. The asset has been acquired by a European private investor for £30million (£1,198 per sq ft.)

The property is located directly opposite the Bloomberg HQ in the City of London and offers a short term income profile with active asset management and refurbishment opportunities.

The sale marks the successful completion of MDDUS’s business plan, with Daniel Watney having advised on acquisition in 2016 and provided active asset and property management throughout the period of ownership.

“We are delighted to have overseen the sale of this prominent and well positioned asset which provides further evidence of the continued recovery of the City office market and strong demand for central London property from around the world.” Richard Garner (Partner at Daniel Watney)