PropertyEU

BVK buys Centrium office building in London for EUR 147m

By A staff reporter 2009-08-27T00:00:00

German investor Bayerische Versorgungskammer (BVK) has acquired the 17,000-m[sup]2[/sup] office property Centrium in London for about £128 mln (EUR 147 mln) from US real estate investor Tishman Speyer, Thomas Daily has reported. The transaction price, which was settled in cash, corresponds to an initial net yield of about 7.25%.

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