Standard Life Investment and CBRE Global Investors have bought London Premier Inns while AXA Real Estate has bought a Premier Inn in Winchester for a total of £57m.
Standard Life has bought the 250-bed Goodman’s Fields Premier Inn in Aldgate, east London for £39m – a 5.5% yield. CBRE GI, meanwhile has bought the 90-bed Premier Inn in Dalston for £9m – reflecting a 5.65% yield.
Outside the capital, AXA has bought the Premier Inn in Winchester from Reef Estates for £9.2m – a 5.45% yield.
Jones Lang LaSalle acted for Standard Life, CBRE GI and Reef Estates.
chris.berkin@estatesgazette.com
