Germany's Commerz Real has returned to the UK property investment market as a buyer after an absence of more than two years with the acquisition of the Athene Place office building in London. The investment volume of EUR 124mln reflects a net initial yield of about 5.8%. Commerz Real, the real estate subsidiary of Commerzbank, said 13,700 m[sup]2[/sup] office property bought from Scottish Widows is earmarked for its open-ended property fund Hausinvest Europa.
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