Orchard Street acquires multi-let Fitzrovia freehold for £38.5 million

Orchard Street Investment Management has completed the acquisition of 27-35 Mortimer Street, a mixed-use office and retail building in London’s Fitzrovia, for £38.5 million (c. €43.7 million) from Great Portland Estates. The purchase price reflects a net initial yield of 3.90% and the acquisition was made on behalf of St.…