Prupim acquires HSBC property in sale and leaseback

By A staff reporter 2007-09-13T00:00:00

Prupim has purchased HSBC Bank's Park Street building in London in a sale and leaseback deal. The transaction price of £103 mln (EUR 150 mln) reflected an initial yield of 4.72%. Prupim, the real estate arm of UK financial services group Prudential, made the purchase on behalf of one of ...

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