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British Land Company PLC Acquires London Portfolio from Wereldhave for GBP 183.8 Million


Monday, 11 Feb 2013 02:00am EST 

British Land Company PLC announced that it has acquired a portfolio of properties in London from Wereldhave for GBP 183.8 million. The portfolio comprises Ealing Broadway Shopping Centre which has been purchased for GBP 142.5 million by way of share acquisition, representing a net initial yield of 6.9%. The portfolio also includes five retail and office properties in Baker Street, Chiswick High Road, Putney High Street Fulham Road and Great Portland Street which were purchased for GBP 41.3 million, a net initial yield of 5.0% rising to 6.1% when fully let. 

Company Quote

767.5
14.0 +1.86%
19 Dec 2014