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Name | Symbol | Market | Type |
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-1x Bp | LSE:SBP | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 193.76 | 0 | 01:00:00 |
The British Land Company said Friday that it has completed the sale of 2-3 Triton Square, Regent's Place, London NW1, to Abbey, for GBP115 million, reflecting a net initial yield of 7.2%.
The 200,000 sq ft Grade A office accommodation was developed by British Land in 2002 and is let in its entirety to Abbey on a lease expiring in April 2022.
The current passing rent is GBP8.68 million per annum.
Tim Roberts, Director of British Land and Head of Offices said: "The sale is in line with our strategy to recycle capital towards opportunities which will offer greater risk adjusted returns in the future."
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