Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Blackstone Acquire Office Building in London for $400m

Posted 1st April 2015

Blackstone Acquire Office Building in London for $400m

Blackstone Group LP, the world’s largest private-equity investor in real estate, agreed to buy an office building in the City of London financial district for $400 million from Land Securities Group Plc.

Scroll to keep reading

Blackstone Acquire Office Building in London for $400m

Blackstone Acquire Office Building in London From Land Securities

View Biography

Acquirer

Land Securities has exchanged contracts to sell its 95% stake in Times Square, London, EC4, to real estate funds managed by Blackstone for £268.4 million. Completion will be at the end of July.

The 380,000 sq ft office building at 160-162 Queen Victoria Street is fully let to six office tenants, including Bank of New York Mellon and law firm Dechert, until 2023.

Colette O’Shea, Managing Director, London Portfolio at Land Securities, said: “We’ve recently carried out some lease regearing activity at Times Square, and its sale reflects our strategy of recycling capital into our significant development programme.”

Anthony Myers, Head of Real Estate Europe at Blackstone, said: “This is our fourth investment in London as part of Blackstone Property Partners’ Core strategy, following the most recent acquisition of 125 Old Broad Street. Times Square fits the Core strategy extremely well as a high quality, well-leased asset in the centre of a global gateway city.”

Strutt & Parker acted on behalf of Land Securities and BNP Paribas advised Blackstone.

Categories: Finance, M&A

You Might Also Like

National and International Financial Reporting Standards

01/06/2016National and International Financial Reporting Standards

BDO Bulgaria are amongst the leading independent consultants, auditors and accountants on the Bulgarian market.

CEO of the Month, Belgium: Jan De Backer, FLUIDDA

28/10/2015CEO of the Month, Belgium: Jan De Backer, FLUIDDA

FLUIDDA develop proprietary diagnostics for lung diseases, such as asthma, chronic obstructive pulmonary disease and lung fibrosis.

How to Conduct Real Estate Market Research Like a Pro For Your Modern Business

24/04/2024How to Conduct Real Estate Market Research Like a Pro For Your Modern Business

Learning how to conduct real estate market research and be like a pro in modern business is important.

8 Critical Components of a Good Human Resources Strategy

16/02/20238 Critical Components of a Good Human Resources Strategy

Businesses often invest a lot of time and resources into the sales and marketing teams, while ignoring the value of the human resources department. Without them, the rest of the company would be ineffective in their roles. Human resources teams are more import

Hospice Revenue Integrity: Eliminating 835 ERA Posting Errors That Distort A/R and Cash Forecasting

29/01/2026Hospice Revenue Integrity: Eliminating 835 ERA Posting Errors That Distort A/R and Cash Forecasting

Managing hospice billing can feel like trying to solve a puzzle where the pieces keep changing. Accounts receivable reports often look off, and cash forecasts never seem to match reality. Advanced RevCycle can help uncover the root of these problems by address

The Race to Net Zero: How Businesses Can Cut Energy Costs and Carbon Emissions Simultaneously

Corporate Social Responsibility

15/04/2025The Race to Net Zero: How Businesses Can Cut Energy Costs and Carbon Emissions Simultaneously

Andrew King is the founder of SGT, a Buckinghamshire-based firm helping businesses across the UK find commercial energy tariffs that meet their needs while keeping costs low. Andrew explores how businesses can cut energy costs while also cutting down their car

Key Questions and Answers About Vortex Acquiring TerraForm Power’s Full Solar Portfolio

31/01/2017Key Questions and Answers About Vortex Acquiring TerraForm Power’s Full Solar Portfolio

The European energy platform Vortex has agreed to acquire 100% of a 365 MW operational solar PV power portfolio in the UK, which is currently owned by TerraForm Power. Vortex, managed by the private equity arm of EFG Hermes, entered into the sale and purchase

First Quarter Update – Puyat Jacinto & Santos (PJS) Law

01/07/2016First Quarter Update – Puyat Jacinto & Santos (PJS) Law

PJS Law is Puyat Jacinto & Santos, a Philippine-based general professional partnership engaged in the practice of law.

More Needed on Minimum Wage to Tackle Low Pay, Says CWU

18/03/2015More Needed on Minimum Wage to Tackle Low Pay, Says CWU

Responding to the announced increase in the minimum wage the Communication Workers Union welcomes an increase but says far more needs to be done to tackle low pay and pushes for the Living Wage to be applied by employers.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS