logo
Plus   Neg
Share
Email

Blackstone Reportedly Plans Sale Of London Office

Blackstone Group LP (BX) plans to put on sale the headquarters of IG Group Holdings Plc in the City of London for about 250 million pounds, the Bloomberg reported, citing people with knowledge of the discussions.

The U.S. private equity firm has hired brokers HFF Inc. and Savills Plc to market Cannon Bridge House, which it recently modernized and leased to companies including Deliveroo owner Roofoods Ltd, the report stated.

A spokesman for Blackstone declined to comment,according to the report.

The fund manager bought Cannon Bridge House for about 170 million pounds in 2015.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A former Southwest Airlines employee has filed a racial discrimination lawsuit against the airline, alleging that the carrier allowed its employees to create a "whites-only" breakroom. The lawsuit was filed in the United States District Court in Houston earlier this week by Jamel Parker, a former employee of Southwest Airlines. American Airlines Inc. has joined its major rivals in raising baggage fees as the airline industry grapples with higher fuel costs and rising operating expenses. The largest U.S. airline said Thursday it is raising the price of a first and second checked bag by $5 each. The price of a first checked bag is now $30, while it is $40 for a second checked bag. The takeover battle by Comcast Corp. nd Rupert Murdoch's 21st Century Fox Inc. for British broadcaster Sky plc will be settled through an auction. The UK Takeover Panel said Thursday that an auction procedure is expected to commence on the evening of Friday, September 21, 2018 and end on the evening of September 22, 2018. The winner of the auction will be announced on Saturday.
Follow RTT