The West End of London Property Unit Trust (WELPUT), managed by Schroders and advised by Grafton Advisors, has signed a deal to sell the freehold interest in Stratton House, 5 Stratton Street, London W1, to a private European investor. The transaction amounts to £166 mln (EUR 202 mln), reflecting a net initial yield of 4.2%.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
