© 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
3 Best Business Mapping Software for Territory Management
Technology
20/04/20263 Best Business Mapping Software for Territory Management

Poorly drawn sales territories cost real money. Harvard Business Review published findings showing that optimised territory design can increase sales by up to 7%. Alexander Group reported productivity gains between 10% and 20% in organisations that replaced ma

Read Full PostRead - Eye Icon
Acquisition of IDS Broadens Sanne’s Alternative Asset Capabilities
Finance
15/03/2016Acquisition of IDS Broadens Sanne’s Alternative Asset Capabilities

Sanne Group plc has today entered into an agreement to acquire IDS Fund Services (IDS), an independent South African based provider of outsourced investment administration services to the asset management industrY.

Read Full PostRead - Eye Icon
Providing the Best to Clients
Legal
10/01/2018Providing the Best to Clients

OMC Abogados & Consultores (OMC Abogados) is a firm that provides legal assistance to companies in the private and public sector.

Read Full PostRead - Eye Icon
How to Spot A Phone Scam: Protecting Yourself in the Digital Age
News
20/07/2023How to Spot A Phone Scam: Protecting Yourself in the Digital Age

When your phone starts ringing with an unknown number flashing on the screen, it's tempting to answer, especially if you're expecting an important call. But did you know that answering such calls can sometimes be dangerous

Read Full PostRead - Eye Icon
What Do Companies Look for in their Accountants?
Finance
01/09/2020What Do Companies Look for in their Accountants?

Very few professions are as versatile as that of an accountant. Unlike most skilled workers, including doctors and engineers, the accountant can potentially work in any industry. The ability to work with numbers, or rather make the numbers work for their emplo

Read Full PostRead - Eye Icon
YFM Equity Partners announces £60m first close of its Buy-Out Fund II
Finance
12/06/2019YFM Equity Partners announces £60m first close of its Buy-Out Fund II

YFM Equity Partners (YFM) announces the first close of its Buy-Out-Fund II with £60m of investment committed. This follows the £45m raised for its Buy-Out Fund I, which had a final close in April 2017. Only two years later, and following the recent investmen

Read Full PostRead - Eye Icon
Adcorp acquires Dare Holdings for R280m
Finance
06/05/2015Adcorp acquires Dare Holdings for R280m

JSE-listed Adcorp holdings has announced its acquisition of specialist oil and gas workforce recruiter, Dare Holdings, for an estimated A$30m (about R280m), as it seeks to expand into Africa.

Read Full PostRead - Eye Icon
How Could 21st Century Fox’s Acquisition of Sky Affect Share Prices?
Finance
09/05/2017How Could 21st Century Fox’s Acquisition of Sky Affect Share Prices?

The 21st Century Fox brand (listed as FOXA on the stock market) is one of the biggest known names in entertainment.

Read Full PostRead - Eye Icon
Cross-Border Payments: Challenges and Solutions for AP Managers
News
20/05/2024Cross-Border Payments: Challenges and Solutions for AP Managers

In today’s global economy, handling cross-border payments effectively is essential for companies that do business internationally. In 2023, the total value of cross-border payments had soared to $190.1 trillion, highlighting the extensive and vital role



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