Terrace Hill Group has sold its freehold interest in the Kean House development in Covent Garden to a UK institution for 16m, representing a net initial yield of 6.4%.
CEO Philip Leech said the sale showed strong demand for good quality, well-managed assets, particularly central London offices.
'The disposal will allow us to recycle the capital into profitable new projects.'
Story provided by Business Financial Newswire


Life-long Celtic fan Brian Duffy has joined the board as an independent non-executive director.Duffy is group president, Europe, of the Polo Ralp...
Anglo-Swiss mining company Xstrata reported operating EBITDA of $7bn in the year to end-December 2009, despite unprecedented destocking in the fi...

