PropertyEU

Legal & General Property buys London asset for EUR 63m

By A staff reporter 2010-03-17T00:00:00

Legal & General Property, on behalf of its Managed Fund, said it has purchased the freehold interest in 26 Red Lion Square, London, for around £57 mln (EUR 62.7 mln)from a client of real estate adviser Savills. The purchase price reflects a net initial yield of 8.12%.

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