Deka makes £235m Guardian headline

摘要

Guardian Media Croup's headquarters in London's King's Cross has been sold off market to a German fund manager. PropertyWeek.com revealed on Tuesday that Deka's Westlnvest InterSelect open-ended fund had exchanged contracts to buy Kings Place, at 90 York Way, for £235m, reflecting a 5.6% yield. The scheme is home to the Guardian and Observer newspapers. Agents at DTZ were instructed to sell the block next to the King's Cross Central scheme, to the north of Euston Road, in October last year. Parabola bought 90 York Way in 1999 and let 150,000 sq ft to the Guardian Media Group in 2008. The publisher co-located with Network Rail. The 300,000 sq ft office building spans three levels and houses a 420-seat auditorium, an arts space andacanalsidecafe.