UK REIT Land Securities has completed the sale of 22 Kingsway, London to an overseas client of Jones Lang LaSalle for approximately 拢39 mln (EUR 45 mln). The transaction volume reflects a yield of approximately 7.55%.
UK REIT Land Securities has completed the sale of 22 Kingsway, London to an overseas client of Jones Lang LaSalle for approximately 拢39 mln (EUR 45 mln). The transaction volume reflects a yield of approximately 7.55%.
The building provides 8,490 m2 of offices let to the Secretary of State until September 2025 subject to a break in 2021 and a 1,000-seat theatre let to the London School of Economics. Jones Lang LaSalle advised the purchaser.
