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British Land agrees £401 million of West End offices sales - DirectorsTalk Interviews

British Land agrees £401 million of West End offices sales 7:31 am British Land Company plc (LON:BLND) has announced it has exchanged upon the sale of a 75% interest in a portfolio of three buildings in the West End to Allianz Real Estate, acting on behalf of several Allianz Group companies, for £401m. The transaction represents a blended net initial yield of 4.32%, a premium to September book value and is expected to complete in January. This transaction demonstrates our commi...
United Kingdom City Of Simon Carter Portman Square Kari Pitkin Norton Folgate

Property developer British Land agrees £401m sale of West End offices

Property developer British Land agrees £401m sale of West End offices British Land has agreed the £401m sale of West End offices. British Land has agreed the £401m sale of a 75 per cent stake in three buildings in the West End to Allianz Real Estate. The portfolio includes three buildings; 10 Portman Square, Marble Arch House and York House, all of which are in Marylebone.   As a result of the sale British Land will form a new joint venture with Allianz, with British Land�...
United Kingdom City Of Simon Carter Portman Square Kari Pitkin British Land
Source: cityam.com

British Land sells large stakes in three London office buildings for £401m

Commercial property giant British Land has sold a three-quarters stake in three London West End buildings to asset manager Allianz Real Estate for just over £400million. It also agreed to form a joint venture where the FTSE 100 firm will continue to manage the buildings based in Marylebone - and collect an asset management fee, though it will only control a quarter of the new partnership. The three premises are primarily office space and have a combined 310,000 square feet between them and wer...
United Kingdom City Of Portman Square Simon Carter Kari Pitkin Norton Folgate

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