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Atlas Makes Major Initial London Play

LONDON-The investment firm makes its first London strike. The buy comes on the heels of a previously revealed New York City purchase.

By Anita Howarth | Updated on August 17, 2006

LONDON-Atlas Capital Group has picked up an office asset in London. This, along with a previously revealed New York City buy, total $485 million and represent their first acquisitions since they set up the private investment firm earlier this year.

The two buildings are 25 Dowgate Hill in London and the Meyberry House at 220 E. 63rd St. in New York City. The Cannon Bridge House property was acquired for $385 million from the Fordgate Group. The Meyberry House was acquired for $100 million from M&R Management, a New York City-based property owner-manager.

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