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GE readies £115m London sell-off

GE Capital Real Estate is preparing to sell its four remaining built London assets in a move which is likely to raise £115m for the firm, CoStar News can reveal.
By James Buckley
May 7, 2014 | 7:40 P.M.

GE Capital Real Estate, a subsidiary of General Electric, is in the process of instructing agents to sell three buildings in the City and City Fringe and one in the West End as the firm withdraws from new European direct property investments and accelerates plans to become a major senior debt lender in the UK and France. The quartet of assets are not likely to be sold as a portfolio.

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