Thursday, November 08, 2007
Bertelsmann Planning £50 Million Sale Leaseback of Publishing Division HQ in London
Estates Gazette has reported that media giant Bertelsmann has hired CB Richard Ellis to offer a 15-year sale leaseback of the 58,500 sq ft London headquarters of its Random House publishing division. The asking price is reportedly £50m which would provide a yield of around 5%.
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