London Residential Portfolio Sold

London Residential Portfolio Sold

Commercial News » Done Deals | By WPC Deals Team | May 31, 2013 2:47 PM ET

Walworth Investment Properties, a joint venture between investors Grainger and Dorrington has purchased of a residential portfolio in south London owned by Grainger for £111 million.  

HSBC provided £60 million in financing for the portfolio that includes 598 residential units and two commercial units. It produces an annual gross rental income of £6 million. 

Since acquiring the portfolio in 2011, Grainger has generated a 36 percent return on its investment, according to real estate agent Nigel Emmerson, who advised Grainger in the deal.  

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