Egan Lawson - London

Date: 29 May 2009

Egan Lawson, acting on behalf of Mountcharm Limited has bought an office and restaurant investment at 44-45 Great Marlborough Street, London, W1, from ING Real Estate Investment Management for £10m reflecting a net initial yield of just under 7%.

The 19,686 sq ft building is let to Time Warner for a further five years and to Ping Pong restaurant until 2030. The investment produces a total income of £730,000 per annum. The Time Warner lease is subject to an outstanding rent review in February this year.

44-45 Great Marlborough Street, London, W1

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