UK REIT Land Securities announced on Monday it has completed the off-market purchase of the O2 Centre in London for £126 mln (EUR 143 mln), reflecting a yield of 6%. The investment volume was 27% higher than the vendor, Matterhorn Palos Partnership, paid when it purchased the retail and leisure asset in March last year from the X-Leisure Fund. That deal represented a net initial yield of 7.83%.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
