APIA fund acquires office property in Aberdeen

By A staff reporter 2007-04-17T00:00:00

Warner Estate Holdings and Morley Fund Management have announced the acquisition of St Magnus House in Aberdeen on behalf of the Apia Regional Office Fund from Stainton Capital for £23.7 mln (EUR 35 mln). The transaction reflects a net initial yield of 5.6%, increasing to 5.88% on completion of a ...

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