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British Land Company plc Sells Stake In GBP72 million Hercules Income Fund
British Land Company plc announced that it has completed the sale of its 26.1% interest in the Hercules Income Fund to clients of LaSalle Investment Management which is the sole owner of HIF. The transaction, which represents a total property value of GBP72 million (British Land share GBP19 million) and net initial yield of 6.5%, is slightly ahead of the March 2012 valuation.
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