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M&G buys Tony Blair’s Fitzrovia office

M&G Real Estate has bought a mixed-use estate in London’s West End which serves as former British Prime Minister Tony Blair’s Fitzrovia office for £49.6m, reflecting a net initial yield of 3.9% on a topped up basis and a capital value of £1,362 per sq ft.
By James Buckley
April 23, 2018 | 1:45 P.M.

Great Portland Estates has instructed Savills and Kingly Partners to sell the Portland & Riding Estate on Great Portland Street and Riding House Street for in excess of £50m, which reflects a net initial yield of 3.88% and a capital value of £1,373 per sq ft.

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