BNP Paribas RE acquires London office at 4.7% yield

BNP Paribas Real Estate has acquired 16-18 Beak Street in West London on behalf of its client DTZ Investment Management. The 1,000 m[sup]2[/sup] building was sold by Allied Commercial for £13.1 mln (EUR 16.2 mln), reflecting an initial yield of 4.66%.

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