KIM completes £200m 70 Mark Lane buy

KIM KFIM 70 Mark Lane

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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