News
Great Portland Ests. - GPE sells freeholds to M&G Real Estate
The headline price of £49.6 million, reflects a net initial yield of 3.9% on a topped up basis and a capital value of £1,362 per sq ft. After deduction for outstanding tenant incentives and rental guarantees, the net price is £48.3 million, ahead of the September 2017 book value. The current contracted rent is £1.8 million per annum and a one year rental...
The headline price of £49.6 million, reflects a net initial yield of 3.9% on a topped up basis and a capital value of £1,362 per sq ft. After deduction for outstanding tenant incentives and rental guarantees, the net price is £48.3 million, ahead of the September 2017 book value. The current contracted rent is £1.8 million per annum and a one year rental...