By Richard Hook2018-03-26T12:28:00
Seoul-headquartered FG Asset Management and Valesco Group have exchanged contracts on the joint venture acquisition of Cannon Bridge House in the City of London for £248m.
The duo were backed by South Korean investors Mirae Asset Daewoo, making its UK debut, and NH Investments & Securities. The building was sold by real estate funds managed by Blackstone and the purchase price reflects a net initial yield of 5.2%.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud