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Haslemere Snaps Up Four Midtown Office Investments

LONDON-Rodamco's UK arm Haslemere has bought the Kingsway Estate, made up of four office buildings totaling 173,000 sf on the Aldwych in London's Midtown, from a consortium of overseas investors.

By Graham Parker | Updated on October 29, 2001

LONDON-Haslemere Estates, the UK arm of the Dutch-based investor Rodamco, has bought the Kingsway Estate on the Aldwych in Midtown for £62.25 million ($90 million). The purchase price reflects an initial yield of 7.5%.

The estate is made up of four office buildings totalling 163,000 sf. The properties are multi-let, although management consultancy Accenture occupies 66,000 sf in two of the buildings. Accenture recently announced plans to relocate to a new 375,000-sf headquarters at British land’s Plantation Place in the City in 2004.

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