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
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