Land Securities is selling a 50% stake in its Thomas More Square Estate in London for £131.5 mln (EUR 184 mln), just four months after acquiring the property for £250 mln from Axa REIM and GIC, Singapore's investment arm. In a statement on Thursday, Land Securities said the stake is being acquired by Cadillac Fairview for Ontario Teachers' Pension Plan.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
