M&G's real estate investment arm PRUPIM has completed the freehold purchase of Heathrow Terminal 5's Hilton hotel.
The deal was worth £21m and the property is subject to a 200-year full repairing and insuring ground lease to Rising Star LLP, subject to annual RPI-linked reviews. PRUPIM said it made the deal ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
