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Mortimer Street block sells for £11.6m

A self-contained freehold office building at 20-22 Mortimer Street in London’s West End has been acquired by a private overseas purchaser for a price of £11.65m, reflecting a net initial yield of 3.55% and a capital value of £1,272 per sq ft.
By James Buckley
December 19, 2016 | 6:14 P.M.

The building was sold by a UK pension fund client of Cyril Leonard, which has held the asset since 1998.

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