AIM-listed property group Terrace Hill said on Wednesday it has completed the sale of its riverside property, Queens Wharf in Hammersmith, to a joint venture of Westcity and Byrne Estates for £30.75 mln (EUR 40 mln). In October 2006 Terrace Hill purchased an option to acquire the development site from a private investor for £17 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
