Sovereign House, 224 Marsh Wall, Docklands, London, E14

BBG advised AXA REIM on its first London purchase when the German fund bought this key data centre building in London’s Docklands for £29m, reflecting a Net Initial Yield of 6.4% for 18 years of income. The building comprised 72,000sq.ft., originally built as offices and subsequently entirely converted to data centre use.