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CapCo Buys in Midtown London

LONDON-Capital & Counties, the office investment arm of Liberty International, pays $22 million for 29,500 sf of retail and office space at 65/75 Kingsway here.

By Graham Parker | Updated on March 30, 2004

LONDON-Liberty International’s Capital & Counties investment arm has bought 65/75 Kingsway, a mixed retail and office building in London’s Midtown, for £11.9 million ($22 million) This represents an initial yield of 7.9%.

The property includes six floors of mutli-let offices with a mixture of retail uses on the ground floor. The new owners believe there will be a number of opportunities for active management of both the retail and office elements.

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