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City Corporation completes £42.9m sale of 20 Finsbury Circus

The City of London Corporation has completed the sale of 20 Finsbury Circus to NTT Urban Development, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone Corporation.
By James Buckley
October 17, 2012 | 3:18 P.M.

NTT Urban Development paid £42.9m for the long leasehold property which reflected a net initial yield of 7.9% and a capital value of £531 per sq ft after deduction of purchasers costs of 5.8%.

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