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| £110 million deal agreed for Houndsditch site in London The British Land Company PLC has disposed of 133 Houndsditch in the City of London to the Henderson Central London Office Fund for £110 million. The net initial yield is 4.0% and reversionary yield is 6.5%. The Houndsditch site extends to an area of 1.02 acres with office, retail and ancillary accommodation accounting for 210,046 sq ft. Income receivable from the property, which is 60 per cent occupied, totals £4.5 million per annum. Henderson is one of Europe's leading property asset managers with over €8.7 billion of property funds managed pan Europe. write your comments about the article :: © 2006 Construction News :: home page |