Great Portland Estates (GPE) is selling the 110,000 square foot (10,219 m2) Met Building to Lazari Investments for £107 mln (EUR 153 mln). The sales price represents a net initial yield to the purchaser of 4.1%. Great Portland said the transaction price is in line with the property's book value in March this year. Great Portland acquired the building located at 22 Percy Street in June 2003 for £16 mln and invested a total of £28.75 mln in its refurbishment and expansion.
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