Pension-Backed Venture Drops $352M On London Office

Law360, New York (January 13, 2012, 4:25 PM EST) -- Cityhold Property AB, a joint venture geared toward European property investment created by two Swedish national pension funds, has paid £230 million ($352 million) for a 261,000-square-foot London office property that houses high-profile tenants including Vodafone, Cityhold said Friday.

Cityhold bought the recently finished property at 1 Kingdom Street in central London from Aviva Investors, the global asset management business of U.K.-based Aviva PLC, and Germany's Union Investment Real Estate GmbH, it said, noting that Vodafone and other corporate heavy hitters including Statoil and Misys PLC...
To view the full article, register now.