Evans Randall is looking to raise around £100 million from the sale of a prime City of London property, it is claimed.
A German
property investment firm is in talks to buy a 110,000 sq ft building in the City of London, it has been reported.
SEB's purchase of Condor House, 4-14 St Paul's Churchyard is expected to cost over £100 million, providing Evans Randall with a yield of more than five per cent, according to Property Week.
Meanwhile, another German
commercial development firm Degi Europe has sold a London property to the Scottish Widows Property Trust for around £66 million.
Such investments are likely to result in a number of sell-on transactions in the coming weeks, the publication suggests.
According to the latest figures from the Royal Institution of Chartered Surveyors (Rics), the commercial property investment market has experienced an upswing in the first quarter of 2010.
However, Rics' chief economist Simon Rubinsohn suggested that the spectre of public sector debt may halt and reverse this growth at any time.
Posted by Hadji Singh.
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