Norges Bank, manager of Norway's giant Government Pension Fund Global, is in talks to buy Blackstone's 50% stake in British Land's Broadgate office scheme, PropertyEU has learned.
Norges Bank, manager of Norway's giant Government Pension Fund Global, is in talks to buy Blackstone's 50% stake in British Land's Broadgate office scheme, PropertyEU has learned.
The asset is the largest of a £2 bn (€2.6 bn) portfolio of London offices available for sale, PropertyEU has learned. The 50% stake in Broadgate has a price tag of up to £600 mln.
The overwhelming majority of the office assets on the market are likely to go to overseas investors, particularly from Asia, which has emerged as a dominant force in the London market.
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