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Schroders sells IMG's Stockley HQ for £42.25m

Schroders has sold 5 Longwalk at Heathrow's Stockley Park, the headquarters of global sports media giant IMG, to a private Middle Eastern investor for £42.25m, a 6.35% yield, CoStar News can reveal.
CoStar News
January 18, 2013 | 5:30 P.M.

CBRE was appointed to sell the 114,000 sq ft 5 Longwalk on behalf of Schroders’ Gresham II Fund in October two weeks after IMG, advised by DTZ, completed a deal to lease the building.

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