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New Deal


Announced

Great Portland Estates to acquire King Sloane Properties from Belgravia & Chelsea Property Services for £70m.

Financials

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Transaction Value£70m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate

United Kingdom

Real Estate Holding and Development

Majority

Private

Single Bidder

Acquisition

Domestic

Pending

Friendly

Synopsis

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Great Portland Estates, a British property development and investment company, agreed to acquire King Sloane Properties, a real estate firm, from Belgravia & Chelsea Property Services for £70m. "This acquisition represents a fantastic opportunity for us to develop a strategic West End freehold site into a best-in-class headquarters building with excellent sustainability credentials," Alexa Baden-Powell, Great Portland Estates Senior Investment Manager.

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