This would be a major deal even in a strong market.

There are no specifics on the yield but it is understood to be about 2.75%.

Not only is this a major vote of confidence in London property but it also reflects confidence in retail investment generally.

I commented recently on the difference between the snapshot view of the current situation and the trajectory for where we may be a few months down the line.  In many ways this makes it harder than ever to project forward but it is clear that Brexit notwithstanding there are deals to be done.