(Reuters) - Great Portland Estates Plc (L:GPOR) said its joint venture with Aberdeen Asset Management sold 95 Wigmore Street, an office and retail building close to Selfridges, for 222.4 million pounds to UBS Global Asset Management's real estate business.
The sale reflects a net initial yield of 3.4 percent and a capital value of 2,209 pounds per square feet, the company said.
Great Portland Estates owns offices and shops in central London.