CDL buys London’s former Stock Exchange for £385m

125 Old Broad Street

Singaporean investor City Developments Limited has paid Blackstone £385m for 125 Old Broad Street in the City of London, Property Week can reveal.

The deal for the 329,200 sq ft office tower equates to £1,170 / sq ft and a yield of 4.7%. The seller, Blackstone, put 125 Old Broad Street on the market late last year with a guide price of £430m.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue