A weekly round up of the latest property and planning news from the central London boroughs
PW reports that Fidelity UK Real Estate has bought the 26,000 sq ft Black Bull Yard office building in Farringdon for £25.6m from Boultbee Brooks Real Estate. The purchase reflects a net initial yield of 5.25%.
City of London
PW reports that South Korea’s sovereign wealth fund Korea Investment Corporation (KIC) and US investor Hines have appointed agents to sell the City of London office scheme One Bartholomew Lane for around £104m.
EG reports that Goldman Sachs’ real estate investing business has acquired the long leasehold of Vintners Place for around £160m. Located by Southwark Bridge, the building provides 277,270 sq ft of office space, 100,000 sq ft of which is let to investment bank Jeffries until the end of 2019.