UBS Global Asset Management, advised by King Sturge, has sold the 11 Pilgrim Street office building in the City of London to US investor Pramerica for £52 mln (EUR 58 mln). The transaction reflects a net initial yield of 7.5%.
UBS Global Asset Management, advised by King Sturge, has sold the 11 Pilgrim Street office building in the City of London to US investor Pramerica for £52 mln (EUR 58 mln). The transaction reflects a net initial yield of 7.5%.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.