British Land has completed the sale of its 26.1% interest in the Hercules Income Fund to clients of LaSalle Investment Management for £19 mln (EUR 24.1 mln). The transaction represents a total property value of £72 mln (EUR 91.5 mln) and a net initial yield of 6.5%, which is slightly above the March 2012 valuation. LaSalle is now the sole owner of HIF.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
