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Aviva Igloo Fund’s Bermondsey Square up for sale for £34m
Aviva’s Igloo Fund has appointed property agents Knight Frank to put its mixed-use development in Bermondsey up for sale, with a price tag of £34m.
The development at Bermondsey Square is already fully let and includes an 80-bed boutique hotel as well as 35,000 square feet of offices, shops and 76 homes. It also has a 52-seat independent cinema.
The guide price of £33.75m reflects a 5.5 per cent net initial yield.
Igloo said the scheme was “predominantly” used by corporate clients based near London Bridge.
Igloo Regeneration Partnership head of development Peter Connolly said: “We have had great success with Bermondsey Square, which is confirmed by the fact that the scheme is now fully let and occupied.”