Legal & General Property, on behalf of its Managed Fund, said it has purchased the freehold interest in 26 Red Lion Square, London, for around £57 mln (EUR 62.7 mln)from a client of real estate adviser Savills. The purchase price reflects a net initial yield of 8.12%.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
