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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

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