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.
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