1 Bishopsgate
London EC2
Acquired off market in October 2011 with for £16.55m with vacant possession. Having sourced and advised on the acquisition, Morgan Capital oversaw an active management strategy which included the letting of the property.
The building was sold in April 2016 to a private buyer for £32.75m, reflecting a 3.4% NIY and £1,278psf. This successful investment produced an IRR of 19%.