LondonMetric Property Plc has divested a portfolio consisting of four multi-let industrial estates to real estate investment firm Hines, at a price of £40.5 million. This sale reflects a Net Initial Yield (NIY) of 6.2%. Spanning 435,000 square feet across 47 units, the industrial estates generate an annual rental income of £2.7 million, with a […]
Hines, a real estate investment, development, and management firm, has agreed to invest in Edge-on-Hudson, a mixed-use development situated in Sleepy Hollow, New York, US. Edge-on-Hudson, a joint venture of SunCal and Diversified Realty Advisors, will develop 246 luxury apartments along the banks of the Hudson River in Phase Two. Hines has purchased Parcel F […]
