PropertyEU

Al Faisal buys London hotel at 4% yield

By A staff reporter 2011-09-20T00:00:00

Qatari investor Al Faisal is acquiring the W London-Leicester Square hotel-led mixed use scheme for close to £200 mln (EUR 230 mln), reflecting a net initial yield slightly over 4%. The vendor is Northern Irish property group McAleer & Rushe.

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