Finance

GPE Mortimer Street scheme sold to St James's Place

By 2018-10-09T07:07:00

Hugh morgan gpe

St James’s Place UK has paid Great Portland Estates £38.5m to acquire 27-35 Mortimer Street, in London’s West End.

The deal on the mixed-use office and retail building reflects a net initial yield of 3.9% and the acquisition was made by Orchard Street Investment Management on behalf of St. James’s.

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