CLI Dartriver has acquired a 289-year head leasehold interest at a peppercorn rent in 78 Cannon Street, EC4, on behalf of one of its European Investment Programmes.

The entire building is sub-let to subsidiaries of Deka Immobilien Investment GmbH ( “Deka”), the sub-lease provides for Deka to pay a proportion of the annual rents received from the building throughout the 289 year term, subject to a minimum rent, which is reviewable every 5 years.

78 Cannon Street is a c.400,000 sq. ft Grade A office building situated directly above Cannon Street station in the heart of the City of London. It was completed in 2011 and is occupied by a number of internationally renowned businesses.