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Announced

Omnicom Group to acquire 2 & 3 Bankside office from DWS for £440m.

Financials

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Transaction Value£440m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Real Estate Holding and Development

Friendly

Single Bidder

Acquisition

office building

Pending

Private

United Kingdom

Cross Border

Synopsis

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Omnicom Group, a media company, agreed to acquire 2 & 3 Bankside office from DWS, a German asset management company, for £440m ($581m). “Over the term of our ownership, 2 & 3 Bankside has delivered attractive risk adjusted returns in terms of income growth and capital appreciation for our investors. We have taken the market opportunity to sell this asset," Ronen Ribak, DWS Head of Real Estate Transactions, Europe.

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