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Max Property buys St. Katharine Docks for £156m in joint venture

Max Property Group has bought St. Katharine Docks from AREA Property Partners and F&C REIT Asset Management for £156.3m in a joint venture with an overseas family trust.
By James Wallace
June 29, 2011 | 3:30 P.M.

The price, which equates to £330 per sq ft, reflects a 34%increase on the valuation of St. Katharine Docks in February 2010. Based on the latest reported net operating income of the properties, at £9.45m annualised, the purchase price implies a yield of 6.1%.

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IN THIS ARTICLE


  • Properties
    • Sun Walk

      St Katharine's Docks, London, LND