GE Real Estate UK has sold an office property in the West End of London to ING Central London Fund for £51.4 mln (EUR 76 mln). The transaction reflected a net initial yield of 4.15% after expiry of rent-free periods. The property comprises 32,170 square feet (2,900 m2) of newly developed prime office accommodation.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).
