PropertyEU

British Land sells stake in Hercules Income Fund to LaSalle

By A staff reporter 2012-08-17T00:00:00

British Land has completed the sale of its 26.1% interest in the Hercules Income Fund to clients of LaSalle Investment Management for £19 mln (EUR 24.1 mln). The transaction represents a total property value of £72 mln (EUR 91.5 mln) and a net initial yield of 6.5%, which is slightly ...

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