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TH Real Estate sells One Kingdom Street in London for €343 million

TH Real Estate, on behalf of the Cityhold Office Partnership (CHOP), has sold One Kingdom Street, London for €343 million (£292 million), representing a net initial yield of 4.86% and a capital value of €1,293 (£1,100) per sq ft. The prime office was acquired by Hong Kong investor C C Land Holdings in an off-market transaction. The landmark office building comprises c.264,898 sq ft (24,610 sq m) of Grade A office space set over nine floors. Located in Paddington Central, the building has excellent access to transport links providing good connectivity to London, Heathrow and the South West. Michael Elliott, JLL and Ashurst acted for TH Real Estate. C C Land Holdings was represented by Kieran D. Cotter & Co and Addleshaw Goddard.Complet...[…]