LONDON-The Cityhold Property AB group, the joint venture of First and Second Swedish National Pension Funds, has acquired a freehold office building measuring 260,569 square feet at 1 Kingdom Street in Paddington, London. A joint venture between Union Investment Real Estate GmbH and Aviva Investors was the developer and owner of the property.
The office building changed hands for GBP 230 million. Jones Lang LaSalle represented Cityhold, while Savills and CBRE represented the vendors in the deal. For the full story, go to Europe Real Estate .
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