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London Sale Tagged As CMBS Health Guide July 29, 2010 08:48 PM

Details of a major West End London property sale yesterday will be used to gauge commercial mortgage securitizations backed with similar collateral. Bondholders of prime U.K. CMBS will be studying the rental yields on the properties to better understand the position of the wider London market, according to researchers.
Derwent London, a specialist U.K. property investment trust, scooped up two properties in the deal. It paid £146 million ($228 million) before costs for Central Cross at 18-30 Tottenham Court Road ...

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