Plantation Place sale goes through at last

The delayed sale of Plantation Place, the big office development in the heart of the insurance district of the City, has gone through, much to the relief of stakeholders Schroder Real Estate and Stobart Group.

The delayed sale of Plantation Place, the big office development in the heart of the insurance district of the City, has gone through, much to the relief of stakeholders Schroder Real Estate and Stobart Group.

The development, built on the site of Plantation House, once the centre of the world's tea trade, has been bought by an investment vehicle controlled by Brazilian banking mogul Moise Safra for around £470m, giving an implied yield of around 5.5%.

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