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Union lays down £165m in Fitzrovia

German fund manager Union Investment has agreed terms to buy Derwent London’s Copyright Building in Fitzrovia for circa £165m, CoStar News can reveal.
By James Buckley
June 12, 2017 | 7:48 P.M.

Union is tying up a deal to buy the 107,150 sq ft building at 30 Berners Street, W1 for close to the asking price, which reflects a net initial yield of just under 4.2% for the leasehold interest.

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