British property group Hammerson has sold a property in London's financial district to the real estate arm of Kuwait for 176 million pounds ($271 million), one of a string of buildings for sale in the area.
The 214,200 square feet property at 60 Threadneelde Street is on the site previously occupied by the London Stock Exchange and represents a yield of 4.75 percent for the buyer, St Martins Property Investments, Hammerson said on Thursday.
Hammerson completed the nine-storey office development in January 2009 at a cost of 124 million pounds.
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