LONDON-The West End of London Property Unit Trust (WELPUT) has acquired the freehold interest in a property comprising four Victorian buildings at 143-157 Farringdon Road, EC1. The purchase price of GBP 25.8 million represents a captive value of GBP 418 per square foot and 6.2% net initial yield. The total area of the four buildings is 61,918 square feet, which have been occupied by 28 tenants.
In the transaction, the seller was represented by Hatton Real Estate and EA Shaw, while WELPUT was represented by Colliers International. For the full story, go to Europe Real Estate .
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