PropertyEU

Land Secs acquires O2 Centre in London at 6% yield

By A staff reporter 2010-04-12T00:00:00

UK REIT Land Securities announced on Monday it has completed the off-market purchase of the O2 Centre in London for £126 mln (EUR 143 mln), reflecting a yield of 6%. The investment volume was 27% higher than the vendor, Matterhorn Palos Partnership, paid when it purchased the retail and leisure ...

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