Global investment manager Invesco Real Estate (IRE) has acquired a GBP 124 mln (EUR 144 mln) mixed-use complex in the City of London on behalf of a fund owned by Germany’s largest public pension fund Bayerische Versorgungskammer (BVK). The property at 107 Cheapside was acquired on behalf of the iii-BVK Europa-Immobilien-Spezialfonds institutional real estate fund, which IRE has managed since 2000. The vendor is Irish developer Menolly Investments.
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