Prime office rents across all Central London markets have risen over the last year, according to BNP Paribas Real Estate. In the City prime rents rose to £54.50 per sq ft in the first quarter of 2011 which represents a 17.5% increase from Q1 2010 whilst in the West End top rents have reached £92.50 per sq ft, an increase of 19% from the same period last year.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
