Announced
Completed
Financials
Tags
Real Estate Holding and Development
Completed
Private Equity
Private
Friendly
Single Bidder
Majority
real estate assets
Cross Border
Real Estate
United Kingdom
Acquisition
Synopsis
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.
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