Korean asset manager Korea Investment Management (KIM) has completed the acquisition of 70 Mark Lane in the City of London for a price in the region of £200m.
It is the first property investment by the South Korean company in London, and is expected to generate an annual yield of around 6%.
The site, formerly the forecourt of Fenchurch Street Station, was bought by Mitsui Fudosan UK and Stanhope from Schroder Property Investment Management for £19.5m in 2011 and completed in 2014.
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