LONDON-LaSalle Investment Management has signed contracts to acquire the 1 & 2 Dorset Rise office buildings in Blackfriars, London. The company has purchased the two buildings totaling 96,553 square feet from Greenhills Asset Management for GBP 47 million on behalf of one of its pension fund clients.
The 82,764-square-foot No. 2 Dorset Rise building will operate as a 258-room Premier Inn Hotel and it has been let to Whitbread Group Plc. The Premier Inn hotel will open in summer 2012. For the full story, go to PropertyMall .
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