Jones Lang LaSalle UK Web Site - April 20, 2004
Borders (UK) Ltd Completes Sale and Leaseback of Charing Cross Road Head Quarters and Flagship Store. Acting on behalf of Borders (UK) Ltd, Jones Lang LaSalle has successfully exchanged and completed contracts on the sale and leaseback of the landmark building at 118-124 Charing Cross Road that houses Borders' head office and flagship superstore.
Knight Frank, acting on behalf of clients of Credit Suisse Asset Management, purchased the property on which Borders (UK) Ltd has signed up to a 20-year lease. The purchase demonstrates the continuing strength of the Central London retail market and more specifically the increased demand for property in Charing Cross Road.
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