Thu, 29 Apr 2010 | BUSINESS SALE
Several potential buyers are circling the well-known Drapers Garden office building in central London with German fund manager Deka at the forefront.
CB Richard Ellis is the advisor for the Drapers Garden ownership consortium.
It is believed that more than five parties have put in first-round bids to purchase the scheme, owned by Canary Wharf, Morgan Stanley Real Estate Funds and Exemplar Properties.
Offers of over £240 million have been made for the 292,000 sq. ft. property from both cash buyers and leveraged buyers, news sources have said.
As well as Deka, first round contenders are German fund manager SEB Real Estate, Lumina Real Estate, ING Real Estate, the National Pension Service of Korea, and Aerium.
Increasing numbers of properties have appeared on the market as confidence has returned to the commercial marketplace.
James Beckham of King Sturge said: "Drapers Gardens is a good asset and the market is hot. It's a good tactical sale."
The office building is presently being let to BlackRock, having signed a 25-year lease earlier on this year.
An established MOT and service centre positioned in the vibrant community of Portslade, Brighton, presents a unique opportunity for investment in East Sussex's automotive service industry.
A licensed restaurant in Brighton, East Sussex, featuring alfresco seating for 60 covers, is available for purchase.
LEASEHOLD
Opportunity to acquire a maintenance grooming equipment business in Brighton at a reduced price for a quick sale.
|
30
|
|
Jun
|
Specialist electronics manufacturer to be acquired in £20m deal | BUSINESS SALE
Landguard Nexus Limited, a specialist electrical and electro...
|
30
|
|
Jun
|
Modella successfully price-chips WH Smith deal by at least 23 per cent | BUSINESS SALE
Back in March 2025, private investment form Modella Capital ...
|
30
|
|
Jun
|
IFA consolidator secures £14.5m facility for buy-and-build strategy | BUSINESS NEWS
Futura Financial Services Group, a consolidator of UK indepe...
|
30
|
|
Jun
|
Access Group acquires Midlands talent acquisition platform | BUSINESS SALE
Business software provider The Access Group has agreed a dea...
|
30
|
|
Jun
|
New owner at "high-quality" West Midlands care home | BUSINESS SALE
A care home near Stourbridge in the West Midlands is under n...
|
30
|
|
Jun
|
IFA consolidator secures £14.5m facility for buy-and-build strategy | BUSINESS NEWS
Futura Financial Services Group, a consolidator of UK indepe...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.