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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue