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| Warner Estate buys Cable House, EC2 for £44m Warner Estate Holdings plc, a United Kingdom-based property investment and asset management company, confirms the purchase of Cable House, EC2 from a private vendor at £44million, reflecting a net initial yield of 5.51%. Cable House, at 56-62 New Broad Street, provides 57,055sq ft of Grade A office space set out over lower ground, ground and first to fifth floors. The Grade II listed building is let entirely to Tullett Prebon Group at an annual rent of £48.55 psf and is held long leasehold from the Corporation of London. write your comments about the article :: © 2007 Construction News :: home page |