GPE sells City block for £190m

50 finsbury square

Great Portland Estates (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square in the City of London for £190m to a subsidiary of German family office Wirtgen Invest Holding.

The deal reflects a topped-up net initial yield of 3.85% and capital value of £1,471 a sq ft.

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