Norway's sovereign wealth fund (SWF) is competing for half of the Broadgate office and London's main business district. Two other contenders are fighting for the 50% stake, which is being sold off by asset manager Blackstone: Canadian developer Brookfield and Deutsche Bank's property investment arm Rreef.
According to the FT, if the deal goes ahead, it is expected to net Blackstone a hefty profit on its 2009 investment in the four-mile square foot estate, which was valued at £2.1 billion at the time by its owner British Land...............................................Full Article: Source |