Ropemaker Properties, the property holding company of BP Pension Fund, has acquired 200 Hammersmith Road, London from BlackRock's UK property fund for £24.55 mln (EUR 29 mln). CB Richard Ellis, which acted for Ropemaker, said the transaction volume reflected an initial yield of 8.75%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
