© Copyright Acquisition International 2026 - All Rights Reserved.

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.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Blackstone Acquire Office Building in London for $400m

Blackstone Acquire Office Building in London From Land Securities

View Biography

Blackstone Group

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
Read Full PostRead - Eye Icon
Headwaters MB-AI Global Excellence Awards 2016
Leadership
04/05/2017Headwaters MB-AI Global Excellence Awards 2016

The 2016 AI Global Excellence Awards were launched to recognise and reward the firms and individuals whose commitment to sustained outstanding performance has seen them leading the way, not only in their own sector or industry, but across the entire global cor

Read Full PostRead - Eye Icon
New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets
M&A
17/02/2023New Merger & Acquisition Guidance Aims to Minimise Climate Risk From Sales of Oil, Gas Assets

The energy sector is, for obvious reasons, the key area of concern for climate change. Can new guidelines for M&A prioritise emissions reductions?

Read Full PostRead - Eye Icon
The Short-Term Rental Investor’s Dilemma: Hospitality Business or Real Estate Asset?
Strategy
25/05/2026The Short-Term Rental Investor’s Dilemma: Hospitality Business or Real Estate Asset?

Short-term rentals sit awkwardly in an investor’s portfolio. On paper, they are property assets: purchase price, debt, an address, and eventual resale value. In practice, their returns often depend on the habits of a hospitality business, from nightly pricin

Read Full PostRead - Eye Icon
Technology Aftermarket Support Secures Success
Innovation
23/03/2020Technology Aftermarket Support Secures Success

Technical services and aftermarket support have become an increasingly important battleground for technology manufacturers as the expectations of consumers and end-users continue to rise. Rising to meet them is Qcom, a support partner which delivers these serv

Read Full PostRead - Eye Icon
National and International Financial Reporting Standards
Finance
01/06/2016National and International Financial Reporting Standards

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

Read Full PostRead - Eye Icon
Mid-Size Businesses Lead from the Front on Job Creation and Wage Increases in 2015
Leadership
19/03/2015Mid-Size Businesses Lead from the Front on Job Creation and Wage Increases in 2015

The Barclays Employers' Survey 2015, which questioned over 660 UK businesses*, has revealed that mid-size businesses will be leading on job creation and wage growth in 2015.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager, Luxembourg
Innovation
30/06/20162016’s Most Innovative Hedge Fund Manager, Luxembourg

Specialising in both, open-ended investment funds and related private equity fund transactions, Carlisle Management Company is a holistic alternative investment manager, assuming a wide range of tasks over the entire life cycle of the investment

Read Full PostRead - Eye Icon
How To Buy Small Businesses With Little-To-No Money Down In 2024
News
18/01/2024How To Buy Small Businesses With Little-To-No Money Down In 2024

Source: Unsplash In 2024, the allure of buying small businesses is heightened by a few more factors. First, the pandemic aftermath has led to numerous market gaps waiting to be filled – a prime opportunity for nimble small businesses. Also, the rise of d

Read Full PostRead - Eye Icon
Economic Development Excellence
Finance
08/04/2022Economic Development Excellence

The Coega Development Corporation (CDC) is headquartered in the City of Gqeberha, Nelson Mandela Bay Municipality, South Africa. It is the developer and operator of the Coega Special Economic Zone (SEZ).



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.

Arrow