UK real estate giant Land Securities has completed the sale of Turnstile House in London for £43.5mln (EUR 55mln) to the international serviced residence group Ascott. The 7,750 m[sup]2[/sup] building is currently leased to Ascott, which operates it as a 192-bed serviced residence, trading as Citadines London Holborn-Covent Garden. The property also includes three retail units.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
