A London & Oxford fund has acquired the shares in First King Properties Limited which holds the freehold of 75 King William Street, London, from Singapore’s Keppel Land. The purchase represents a net initial yield of 4.59%.
A London & Oxford fund has acquired the shares in First King Properties Limited which holds the freehold of 75 King William Street, London, from Singapore’s Keppel Land. The purchase represents a net initial yield of 4.59%.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.