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L&G acquires Yotel London Clerkenwell for £70m

LGIM Real Assets, on behalf of its Managed Property Fund, has purchased Yotel London Clerkenwell, 96-100 Clerkenwell Road, Farringdon from James Cowper Kreston Administrators for £70 million. Yotel will continue to operate the property under a long-term management agreement.

Yotel London Clerkenwell...