.
MergerLinks Header Logo

Announced

Completed

Wirtgen Invest completed the acquisition of 50 Finsbury Square, EC2 from GPE for £190m.

Financials

Edit Data
Transaction Value£190m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Real Estate Holding and Development

Completed

Private Equity

Private

Friendly

Single Bidder

Majority

real estate assets

Cross Border

Real Estate

United Kingdom

Acquisition

Synopsis

Edit

Wirtgen Invest, a private German family office, completed the acquisition of 50 Finsbury Square, EC2, a commercial development, from Great Portland Estates, a British property development and investment company, for £190m. "The sale of 50 Finsbury Square concludes an exceptional development project for GPE. The completion of the sale enables us to recycle capital out of a mature asset where we have created value into our substantial development pipeline which is stacked full of future opportunities," Toby Courtauld, GPE CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US