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...
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