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.
This business specialises in offering professional, bespoke joinery solutions to its customers at competitive prices. It is capable of offering products such as: box sash windows, exterior/interior doors, shop fronts, fitted kitchens, staircases and...
LEASEHOLD
Mainly operating in the rail sector, services cover vegetation clearance and brickwork repairs to rail structures, such as bridges and tunnels. Works with approx. 20 active clients, circa 80% of whom provide reliable, repeat business. Offers invited.
LEASEHOLD
Established in 1978. Excellent reputation. High profit margins. Mix of corporate and general public customers. Further growth potential. Seen large growth in online. Offers invited.
LEASEHOLD
|
10
|
|
Aug
|
Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE
Samworth Brothers has completed the £6.4 million acqui...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
|
06
|
|
Aug
|
Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION
One of the UK’s leading ski tour operators Harris Holi...
Sign up to receive our acquisition alert emails to get your FREE guide
|
10
|
|
Aug
|
Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE
Samworth Brothers has completed the £6.4 million acqui...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
|
06
|
|
Aug
|
Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION
One of the UK’s leading ski tour operators Harris Holi...
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