'Dunedin set for double property swoop'
3rd August 2012
DUNEDIN Property has secured US backing to buy two Manchester office buildings from CBRE Global Investors for around £23m – half the price that the fund manager paid for them in 2005.According to PropertyWeek.com, Dunedin, with backing from US private equity giant Angelo Gordon, has placed the 250,000 sq ft Churchgate House and Lee House on Oxford Road under offer at a yield of around 11%.The inter-connected buildings would represent the first major buy for asset and investment manager Dunedin since its industrious port......for the full story register now for free or login below...
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