Investec Property Investments, a division of specialist bank Investec Bank Plc and Credo Property Group have announced the acquisition of 20-24 Carlton House Terrace, London SW1 for approximately £70 mln (EUR 82 mln) from Hermes Real Estate, one of the UK’s largest real estate managers. The building has been acquired by Darfield Investment Holdings Limited, a joint-venture company funded equally by the Investec GLL Special Opportunities Fund and Armstrong Management Holdings Limited (Credo).
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