LONDON—DTZ Investors has bought 47 Mark Lane in London for $118 million (£73.3M) from Land Securities.
The acquisition marks London-based DTZ's largest purchase to date and increases the assets under its management to $7 billion (£4.56B), with $438 million (£280m) still left for allocation to direct property on behalf of its clients.
“47 Mark Lane is exactly the type of asset that DTZ Investors is looking for. The site offers a mix-used, multi-let income and it is located in a strong growth area, which is only going to get stronger with time,” fund manager Kevin O'Connor, DTZ Investors, said.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
