Scottish Widows acquires mixed-use property in Birmingham

By A staff reporter 2007-04-05T00:00:00+01:00

Scottish Widows Investment Partnership (SWIP) has acquired the 46,079 m[sup]2[/sup] City Centre House office and retail block in Birmingham from fund manager Prupim for £161 mln (EUR 237 mln). The price reflects a yield of 5%. CB Richard Ellis and Lewis Ellis advised Prupim and Jackson Criss acted for SWIP.

Scottish Widows Investment Partnership (SWIP) has acquired the 46,079 m² City Centre House office and retail block in Birmingham from fund manager Prupim for £161 mln (EUR 237 mln). The price reflects a yield of 5%. CB Richard Ellis and Lewis Ellis advised Prupim and Jackson Criss acted for SWIP.