Quintain Estates and Development, a British Property investor, has sold off Pier Walk which is situated at Greenwich Peninsula to the Germany-based DekaBank. The property is situated in a location which is close to Canary Wharf of London. DekaBank is the leading open-ended fund manager of Germany.

A whopping £97.1 million ($154.4m; Dh567m) was paid in cash by Deka Immobilien GmbH in exchange for the property, which is almost 6% up from the face value of the property that had been evaluated during March 2010. The investment yield will stand at 5.9%.

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