Ritchie: 'It's a good time to sell non-core assets'

摘要

Residential Land has sold three west London properties for a combined £161m as it looks to raise capital for new value-add acquisitions. The biggest deal is the £58m sale of Roland House (pictured), an art deco apartment complex on Old Brompton Road, South Kensington, to Gulshan Bhatia, the owner of hotel operator and developer Muirgold, whose portfolio also includes the Hilton Paddington and Hilton Waldorf hotels. Residential Land has also sold Kew Bridge Court in Chiswick to Grainger for £57.5m, which represents a 4,35% yield; and the Thurloe Commercial retail scheme on Fulham Road to the Pramerica pension fund for £45.8m -a 3.49% yield.