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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
