Brookfield Office Properties Inc. has agreed to acquire a portfolio of premier office buildings and a development site in the London financial district from Hammerson plc for $829 million (£518 million).
The portfolio includes 125 Old Broad Street - this 328,000-square-foot class A 26-story office tower at the site of the former London Stock Exchange was completely redeveloped in 2008. The building is 98% leased to various tenants. Brookfield will own a 50% stake in this building along with the two existing joint venture partners.
The expected closing date of 99 Bishopsgate, Principal Place and the smaller assets is September 30, 2012; 125 Old Broad Street and Leadenhall Court are expected to close in June 2013.
Source: marketwire.com 19.06.2012