Standard Life Investments Property Income Trust announced on Wednesday that it has sold its long leasehold interest in Wellington House at 125 The Strand in London to the freeholder, the Duchy of Lancaster. The mixed-use office and retail property extends to approximately 4,000 m[sup]2[/sup] and is let to several tenants, including Shell UK, Vodafone and Tesco Stores.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
