City Developments completed the acquisition of St Katharine Docks complex in central London from Blackstone for $468m.

City Developments, a real estate operating organisation, completed the acquisition of St Katharine Docks complex in central London from Blackstone, an alternative asset manager, for $468m. “The current uncertainty in the UK has provided us with strategic opportunities to acquire prime assets and expand our portfolio. This latest acquisition of the sizeable St Katharine Docks freehold estate, one of London’s trophy landmarks, increases CDL’s total commercial assets in the UK to around £1bn and enhances our recurring income stream," Sherman Kwek, CDL CEO.