PropertyEU

Derwent London sells office property for EUR 18m

By A staff reporter 2009-03-19T00:00:00

UK's Derwent London has exchanged contracts on the sale of its freehold interest in 28 Dorset Square, London NW1 to a private UK investor for £17 mln (EUR 18 mln). The sale price reflects a net initial yield of 6.1% and represents a 5% premium over the valuation at end-2008.

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