126-134 Baker Street

British Land has aqcuired London Portfolio from Wereldhave for £183.8 million, which includes 126-134 Baker Street.

British Land has acquired a portfolio of properties in London from Wereldhave for £183.8 million. The most significant asset in the portfolio is Ealing Broadway Shopping Centre which has been purchased for £142.5 million by way of share acquisition, representing a net initial yield of 6.9%. The portfolio also includes five retail and office properties in Baker Street, Chiswick High Road, Putney High Street Fulham Road and Great Portland Street which were purchased for £41.3 million, a net initial yield of 5.0% rising to 6.1% when fully let.

Jackson Criss and Strutt & Parker acted for British Land.