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Proclinical moves to Eldon House

UK Commercial Property Trust Limited (“UKCPT” or “the Company”), the largest Guernsey based, UK focused, London listed commercial property investment company, which is advised by Standard Life Investments, has completed the letting of the fifth floor of Eldon House, in London.
By Stephen O'Shea
March 22, 2016 | 1:16 P.M.

Proclinical, a Life Sciences recruitment firm, has secured 5,115 sq ft, on a five year lease at £52 per sq ft. UKCPT acquired Eldon House in an off-market transaction in August 2015 for £27.5m, representing a net initial yield of 4.6% and an equivalent yield of 5.5%. The investment decision was underpinned by a strong belief in the dynamic and evolving location which appeals to a broad range of tenants, and is just 150m from the planned Liverpool Street Crossrail/Elizabeth Line station.

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