British Land is in talks to sell half of its £2.5 bn (EUR2.8 bn) Broadgate office estate in the City of London to private equity investors, the Financial Times has reported. The company is locked in negotiations with Macquarie-backed Australian fund manager MGPA about a partial sale of the office campus. Broadgate was valued at more than £2.5 bn at December 31, 2008.
British Land is in talks to sell half of its £2.5 bn (EUR2.8 bn) Broadgate office estate in the City of London to private equity investors, the Financial Times has reported. The company is locked in negotiations with Macquarie-backed Australian fund manager MGPA about a partial sale of the office campus. Broadgate was valued at more than £2.5 bn at December 31, 2008.
