FG Asset Management and Valesco completed the acquisition of Cannon Bridge House from Blackstone for $225m.

FG Asset Management, an investment service company, and Valesco, a London headquartered, UK and European specialist real estate investment manager, completed the acquisition of Cannon Bridge House, a building that provides 286,595 sq ft of office accommodation, from Blackstone, an American multinational private equity, alternative asset management, and financial services firm, for $225m. “The sale of Cannon Bridge House concluded the business plan of Blackstone who undertook a significant repositioning of the River Building to create a modern and dynamic office environment that appealed to the tech and media industries, resulting in it being 100% pre-leased to Deliveroo and Kobalt Music Group. Savills was delighted to have been involved with the letting and investment sale of the property,” Stephen Down, Central London investment Head.