February 24, 2017 / 7:39 AM / 7 months ago

BRIEF-Workspace Group buys London property for 98.5 mln stg

Feb 24 (Reuters) - Workspace Group Plc:

* Signed an option agreement for right to acquire freehold of 13-17 Fitzroy street, W1, for 98.5 mln stg

* Building is being acquired at a capital value of 1,063 stg per sq.ft. And a net initial yield of 4.6 pct

* Transaction will be funded from existing facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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