Thu, 24/01/2013 - 10:19
Prupim, the real estate investment management arm of M&G, has acquired the freehold of the new Hilton Hotel at Terminal 5, Heathrow Airport, for circa GBP21.13m from a Shiva Hotels parent company.
The property has been purchased by Prupim for a client’s secured long income funds.
Under the terms of the deal the property is subject to a 200-year full repairing and insuring ground lease to Rising Star, subject to annual reviews linked to RPI (all items).
Kris McPhail, director, investment management at Prupim, says: “The purchase of the Hilton at Heathrow’s Terminal 5 is an excellent match for our client’s long income funds. It provides long-term inflation-linked income supported by a property with strong fundamentals – in this instance a flagship hotel at a major international transport hub. We have substantial amounts to invest on behalf of our client’s long income funds for investments with rents that are linked to inflation or have pre agreed fixed uplifts.”
Prupim, the real estate arm of M&G Investments, is one of the world’s largest real estate fund managers, managing predominantly institutional investments for both third party clients and M&G/Prudential Plc.
Thu 23/04/2015 - 19:00
Wed 22/04/2015 - 20:30
Wed 22/04/2015 - 06:00
Tue 21/04/2015 - 19:00
Fri 24/04/2015 - 11:00
Fri 24/04/2015 - 06:00
Fri, 24/Apr/2015 - 21:30
Fri, 24/Apr/2015 - 20:30
Fri, 24/Apr/2015 - 19:00
Fri, 24/Apr/2015 - 16:00
Fri, 24/Apr/2015 - 15:00
Fri, 24/Apr/2015 - 09:00
Fri, 24 Apr 2015 00:00:00 GMTSenior Project Manager – Data Governance
Fri, 24 Apr 2015 00:00:00 GMTJava Programmer – Credit Derivatives, Front Office
Fri, 24 Apr 2015 00:00:00 GMT