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