>Brixton signs biggest-ever deal
Brixton Estate has bought the West Cross Centre industrial estate in Brentford, West London, for £49.3m – its biggest single deal to date. The 44,778m2 (482,000 sq ft) estate was sold by Chelsfield in an off-market deal that reflects an 8.4% initial yield.
wates ends Kowa fudosan venture
Wates City of London has bought out its Japanese joint venture partner, Kowa Fudosan, on two city buildings, Austral House and City Place House, for £18.3m. Wates and Kowa set up a joint venture called WK Holdings to buy the buildings in 1990.
Milner acquires clapham centre
Milner Estates has bought the Junction shopping centre in Clapham, South London, from Burford for £12.75m. The 4,459m2 (48,000sq ft) centre next to Clapham Junctionrailway station produces £1m rental income pa.
