Bloomberg Extends Headquarters Lease in Manhattan Through 2040
Bloomberg LP struck an 11-year lease extension with Alexander’s Inc. for its global headquarters in New York.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Bloomberg LP struck an 11-year lease extension with Alexander’s Inc. for its global headquarters in New York.
Josh Bauers has long had his sights set on the town dump in Millburn.
China’s technology hub of Shenzhen has joined other major cities in easing home buying rules as authorities try to revive the beleaguered real estate market.
Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance.
Jul 2, 2021
Bloomberg News
,(Bloomberg) -- 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 comment.
It caps a stop-start process that started last October as confidence began returning to the City’s real estate market, only to be squashed by the spread of coronavirus. DWS halted talks earlier this year as bids from investors nervous about the future of office buildings fell short of its expectations, Bloomberg news reported in February.
London’s real estate owners are preparing a series of trophy office buildings for sale in anticipation that the remaining restrictions designed to limit the spread of the virus will be lifted this month. Properties including the London headquarters of UBS Group AG are among those expected to be sold in the second half of this year as more international investors are able to visit the city to inspect potential properties.
Hoi Hup Realty Pte has appointed brokers to sell 1 Golden Lane, another office building recently vacated by UBS, according to people with knowledge of that sale. Hoi Hup did not respond to requests for comment.
©2021 Bloomberg L.P.