Broadgate office space sold to Blackstone Group
21st September 2009Office space in the Broadgate Estate has been sold to private equity giant Blackstone Group in a deal worth £1.07 billion.
Office space in the Broadgate Estate has been sold to private equity giant Blackstone Group in a deal worth £1.07 billion.
A deal representing 50% of the City of London office space taken up this year has been struck by British Land with The Bank of Tokyo-Mitsubishi UFJ Ltd and Mitsubishi UFJ Securities International PLC.
British Land has pulled out of talks over the redevelopment of the Fruit and Wool Exchange site into prime City of London office space and retail venue.
Broadgate Estates, a British Land subsidiary, will run Tritax Securities’ £330 million ‘Maxim’ office space in Scotland for the next five years.
Commercial property chain British Land has delayed construction of a new office space skyscraper dubbed the Cheesegrater.
British Land has submitted a proposal to Birmingham City Council to build a 35 storey office block.