Jesta Capital Web Site - March 27, 2007
Goldman Sachs’ City HQ has been bought by one of Canada’s largest property companies. Jesta Capita has paid £355m for Tishman Speyer’s 370,000 sq ft Peterborough Court on 133 Fleet Street, EC4. The deal reflects a 5% yield.
Jesta, chaired by Elliott Aintabi, came to the UK in 2003. It has since bought the 150,000 sq ft 6-8 Bishopsgate, EC2, and the 75,000 sq ft 55 Old Broad Street, EC2. Peterborough Court is its most significant buy to date.
Tishman has owned the building since May 2005 when it bought it from Goldman Sachs for £280m. BH2 and Jones Lang LaSalle are joint selling agents on Peterborough Court. BH2 also advised on the sale of Fleetway House.
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