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Brookfield and Antirion SGR complete joint venture deal on Principal Place

Brookfield Property Partners and Antirion SGR have completed a joint venture agreement for Principal Place, with Antirion acquiring a 50 percent stake in the office and retail portion of the development based on a total valuation of €893.5 million (£763 million), representing a net initial yield of four percent. Principal Place is a new 621,000 square foot office building on the border of Shoreditch and the City of London. Amazon UK, the Fortune 100 online retailer, will take occupation from Summer 2017. Principal Place is part of a mixed use complex which will also feature a 50-storey residential tower, 20,000 square feet of world-class retail and a half-acre central piazza.Principal Place is ideally situated to take advantage of both...[…]