DWS Group has agreed to sell a City of London office building after a protracted sales process that was initially thwarted by the pandemic. The German asset manager majority-owned by Deutsche Bank AG has agreed terms to sell Capital House at 85 King William Street to a fund managed by Barings, according to people with knowledge of the arrangement. Barings will pay about 130 million pounds ($179 million) up front, with further top-up payments due once vacant space in the building is leased, said the people, who asked not to be identified as the talks are private. Representatives for DWS and Barings declined to ... (full story)