LONDON-LaSalle Investment Management has reported the completion of the London Works Estate acquisition for GBP 8.5 million, representing 6.81% net initial yield. The acquisition was made together with Wrenbridge Land. The property consists of two units totaling roughly 63,500 square feet. The two units are situated on an L-shaped land measuring approximately four acres. Saint Gobain Building Distribution Limited fully occupies the property with a lease expiring in June 2024.
Drivers Jonas Deloitte advised LaSalle in the deal. For the full story, go to Europe Real Estate .
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