The Great Ropemaker Partnership, a 50:50 joint venture between Great Portland Estates and the BP Pension Fund is set to acquire two office buildings on 200 & 214 Gray's Inn Road in London from an affiliate of Beacon Capital for £132.75 mln (EUR 155 mln), or an initial yield of 6.4%. The deal is expected to be completed by 18 October.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
