LONDON-The Ignis UK Property Fund has acquired the freehold stake in 77 Gracechurch Street from Climate Change Capital for an amount of GBP 43.5 million, reflecting a net initial yield of 5.36%. The mixed-use building, which measures 49,295 square feet, is currently leased to four retail tenants and seven office tenants.
Land Securities developed the property in 1985. Jones Lang LaSalle advised Ignis UK Property Fund and Michael Elliott represented Climate Change Capital in the deal. For the full story, go to PropertyMall .
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