Wed, 16 Feb 2011 | COMMERCIAL PROPERTY
The Fleet Street headquarters of investment banking giant Goldman Sachs is up for sale for £300 million.
Jones Lang LaSalle is selling the Peterborough Court commercial property - which is the former home of the Daily Telegraph newspaper - on behalf of its owner, the Canadian property firm Jesta Capital, which defaulted on loans last year.
The sale of the Fleet Street base is the second part of the disposal of Goldman's headquarters: the bank's River Court base, which is located directly opposite Peterborough Court and once housed the Daily Express, was purchased a few weeks ago. Joseph Lau's Chinese Estates paid £280 million for the River Court property.
Alongside Peterborough Court, Jones Lang LaSalle will also be selling the self-contained Daniel House office, which is located on the same site. Interest in the 370,000-square foot building is expected from several overseas buyers, including Malaysia's Employees Provident Fund, which has just purchased the home of law firm Freshfields Bruckhaus Deringer in Whitefriars and is looking to spend £1 billion on London commercial property.
Goldman's lease on the Peterborough Court building runs until 2026 and almost £18 million is generated by the buildings each year in rental payment.
Specialises in the installation of patios, paving and driveways, as well as providing comprehensive groundworks for commercial, industrial and private clients excellent reputation as a provider of high-quality services, resulting in a continual strea...
LEASEHOLD
Provides a wealth of facilities management services, supported by a self-delivery model that utilises industryl eading CAFM software to give clients live updates. A multi-accredited company with an exceptional industry reputation. Caters to seven act...
LEASEHOLD
Precision engineering company manufacturing fasteners' (nuts & bolts) in special hard to obtain alloy metals, in a niche market sector.
FREEHOLD
|
12
|
|
Aug
|
Aviva to complete Succession acquisition and support further consolidation | BUSINESS SALE
Aviva is poised to complete its acquisition of wealth manage...
|
11
|
|
Aug
|
Flotek acquires Swansea-based legal and professional services IT provider | BUSINESS SALE
IT and Managed Service Provider (MSP) Flotek has acquired Sw...
|
10
|
|
Aug
|
Nursing homes operator targets more acquisitions with new funding | BUSINESS SALE
Churchlake Care, a national provider of residential and nurs...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Aug
|
Aviva to complete Succession acquisition and support further consolidation | BUSINESS SALE
Aviva is poised to complete its acquisition of wealth manage...
|
11
|
|
Aug
|
Flotek acquires Swansea-based legal and professional services IT provider | BUSINESS SALE
IT and Managed Service Provider (MSP) Flotek has acquired Sw...
|
10
|
|
Aug
|
Nursing homes operator targets more acquisitions with new funding | BUSINESS SALE
Churchlake Care, a national provider of residential and nurs...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources