PropertyEU

Rockspring buys at 5.49% yield

By A staff reporter 2007-05-11T00:00:00

Rockspring Property Investment Managers has acquired the Verulam Point modern office building in St Albans, about 35 km north of London, for £17.9 mln (EUR 26 mln). The property was purchased on behalf of Rockspring Hanover Property Unit Trust from The Church Commissioners, for a 5.49% net initial yield.

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