Electra real estate, partners buy ₤134.7 million London property

Electra Real Estate will own 60% of the property, Kamor 20%, and the third partner 20%. The 17,500-sq.m. building is leased to the Royal Bank of Canada (NYSE; TSX:RY) as its London headquarters through 2012. Net annual rent is ₤7.53 million (NIS 65.7 million). The companies are negotiating with RBC to extend its lease.