Hammerson and its joint venture partner Kajima have agreed to sell the long leasehold interest in the 18,500 m[sup]2[/sup] office scheme One London Wall for £136 mln (EUR 180.4 mln). The buyer is One London Wall, which is owned by German insurance company Hansainvest. The office generates an annual rental income of £7.7 mln (EUR 10.2 mln), reflecting an initial yield of 5.6%.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
