Great Portland Estate (GPE) announced on Tuesday that The Great Victoria Partnership (No 2), a joint venture with Liverpool Victoria Friendly Society, has agreed to sell the 5,600 m[sup]2[/sup] retail block at 208-222 Regent Street in London to an unnamed private purchaser for £96.6mln (EUR 122.5mln). GPE said the transaction volume, which reflects an initial yield of 4,5%, is broadly in line with the book value of the property in March 2008.
Premium subscriber content – please log in to read more or take a free trial.
