PropertyEU

St Martins buys City office from Hammerson - report

By A staff reporter 2011-11-01T00:00:00

Kuwaiti property investor St Martins Corporation is reportedly buying 60 Threadneedle Street in the City of London from UK REIT Hammerson. The transaction is said to amount to over £175 mln (EUR 203 mln), reflecting a record low yield of below 5%, according to a news report in PropertyWeek.

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