Oxford Properties Snags CBRE HQ for £110 Million
Posted on 11/25/2012
Oxford Properties purchased the City of London headquarters of CBRE for £110 million. The sale price reflects a yield of 5.5%. It is leased to CBRE until 2023.
The 127,865 square foot property is St Martin’s Court, Paternoster Square, was property of Legal & General Investment Management (LGIM). In 2003 LGIM bought the property for £95 million.
Created in 1960, Oxford Properties manages property assets on behalf of OMERS with investments in the United States, Canada, and the United Kingdom.
Keywords: Ontario Municipal Employees Retirement System.
