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TH Real Estate buys London Fire Brigade’s HQ for £90m

TH Real Estate has bought the London Fire Brigade’s headquarters at 169 Union Street in Southwark for £90m from Oxygen Asset Management and Zeno Capital in an off-market deal.
By James Wallace
June 11, 2015 | 7:30 P.M.

Oxygen Asset Management acquired the 117,392 sq ft, entirely let to the London Fire and Emergency Planning Authority, in a joint venture with a South African partner, Zeno Capital, from HDG Mansur for £50.5m in October 2012, as revealed by CoStar News, reflecting a net initial yield of 5.71%.

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