British Land sells 75% interest in London's West End offices for £401 million
Clients British Land Company PLC, The
Jones Day is advising The British Land Company PLC on the sale of a 75% interest in a portfolio of three buildings in London's West End to Allianz Real Estate for £401 million. The transaction represents a blended net initial yield of 4.32%, a premium to September book value. The portfolio includes three buildings, 10 Portman Square, Marble Arch House, and York House, all of which are in Marylebone.