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University beats developers to Marylyebone Road site

An office site in central London on Marylebone Road has been bought by the University of Westminster for approximately £25 million.  The sale was facilitated by VanHan, an agency that has formerly dealt with luxury residential properties, with the deal being the first commercial investment sale for the company. The company was involved in £120 million-worth of deals during 2014, including the sale of the Bulgari Hotel Penthouse in Knightbridge, at £39 million.