Property investment firm Telereal is selling 55 UK properties worth around £475 million.
The company is believed to be the testing the market’s appetite for large portfolios with the sale of these assets. Telereal has appointed CBRE to sell the office properties, which are principally let to RBS. Significant prooperties included in the portfolio are the London offices of Coutts on The Strand, Drummonds HQ on Trafalgar Square and Child & Co HQ on Fleet Street. The properties will remain let to RBS until 2037. (more…)