CB Richard Ellis Investors said on Monday that it has completed several transactions totalling £46 mln (EUR 56 mln) during September and October as part of its ongoing restructuring of its property portfolio.
CB Richard Ellis Investors said on Monday that it has completed several transactions totalling £46 mln (EUR 56 mln) during September and October as part of its ongoing restructuring of its property portfolio.
The first transaction involved the acquisition of a retail block located at 98-102 George Street and 25-35 Castle Street in Edinburgh for £18.5 mln.
CBRE Investors sold the industrial property, Unit 4 Nexus Point in Halford, Birmingham, for £8.1 mln, representing a net initial yield of 7.4% per annum. The global real estate investment manager sold a block of retail units at 233-269 High Street, Cheltenham for £15.3 mln to NFU Mutual Insurance Society.
The company also sold a single retail unit in Central London but the details of this transaction were kept confidential.
CB Richard Ellis Investors had over $43.7 bn (EUR 34 bn) in assets under management at end-June this year. The firm made $11.7 bn of acquisitions in North America, Europe and Asia in 2007 and completed $4.8 bn in disposals.
