Henderson Global Investors announces sale of Telstar House, London for £96.75 mln. (UK)

Henderson Global Investors has agreed the sale of Telstar House, Eastbourne Terrace, for £96.75 million (approx. €115.7 million), reflecting a net initial yield of 5.1%.

TR 2 Eastbourne Terrace 24pp

Telstar House, Eastbourne Terrace.

The property, which is let to Rio Tinto European Holdings Ltd, has been sold to a private Jersey company.

Andrew Creighton, Director at Henderson Global Investors, said: "This transaction represents a key part of our investment strategy and is consistent with our wider business plan. The proceeds from the sale will be reinvested within the UK market, where we remain confident on the outlook for the year ahead."

Savills advised Henderson and Fineman Ross the private Jersey investor.

Source: Henderson Global Investors

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