UBS sell 160 Tooley St for £135 million

February 12th, 2008 | by Simon Rattray |

UBS have sold their offices at 160 Tooley st, London for £135 million to clients of HSBC’s private division. The represents a yield of about 5.25%. The offices, which were put up for sale at £140 million last November, will be let to Southwark Council. The income from the 200,00 square feet of office space should be around the £7.5 million pound mark.