Capital & Income Group (CIT) has confirmed the sale of its Marco Polo building in south London to Kumara Developments for more than £43m. The deal reflects a 7.7% yield.
The block on Queenstown Road in Battersea comprises 157,357 sq ft.
The sale is the latest of a series of disposals that CIT has agreed since it put a portfolio of properties up for sale last summer.
Davenport Lyons acted for Kumara. CIT was advised by Speechly Bircham.
References: EGi News 16/02/05
