Highcross has acquired a portfolio of four regional office buildings located in Preston, Leeds, Sheffield and Hull for a transaction consideration of £9 million. The deal reflects a net initial yield of 12.53 per cent. The acquired portfolio totals 118,806 sq ft and is let to 27 tenants including Hewlett Packard, Lloyds Banking Group, Big

Grainger plc has acquired 100 per cent of HI Tricomm Holdings Limited together with related subordinated loan notes and the settlement of other balances, announced the firm Friday. Grainger acquired HI Tricomm from Invista Castle Limited, a wholly-owned subsidiary of Invista Real Estate Investment Management Holdings plc, for a total consideration of £18.5 million.
Grainger plc

The Financial Times reported Thursday UK based Rok Ltd is readying itself for refinancing talks with lenders. The announcement comes a month after the property firm issued a second profit warning in 2010, as the firm seeks finances for sustained growth. In August, Rok reported critical losses in its plumbing, heating and electrical businesses. The