German fund manager Union Investment has put a trophy office asset in the City of London up for sale within a year of acquiring it. Property adviser Savills has been instructed to bring 10 Gresham Street, London EC2 to the market for a price in the region of £180 mln (EUR 211 mln). The indication price reflects a a net initial yield of 5.65%.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
