UK asset manager New Star has sold the office property at 60 Gracechurch Street in the City of London for £127.5 mln (EUR 170 mln), reflecting an initial yield of about 5.5%. The fund manager declined to name the buyer but said it received a number of offers for the 11,150 m[sup]2[/sup] office property. UK private equity group Evans Randall is rumoured to be the buyer of the property which houses the UK headquarters of German bank Commerzbank.
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