London's St Katharine Docks on the slate

Sat, 13 May 2017 | COMMERCIAL PROPERTY

Central London’s only marina, St Katharine Docks, is up for sale for £435 million, reports say.

The quarter, home to offices, restaurants and bars, is opposite the Tower of London and close to Tower Bridge.

According to the Evening Standard, private equity firm Blackstone, which acquired the dock complex in 2014, has decided to cash in.

CBRE and GM Real Estate have been appointed to handle the sale.

If - or when - it sells, the deal will be the latest in a number of big-ticket London commercial property transactions this year so far, including the sale of the ‘Cheesegrater’ building for £1.15 billion.

The Standard said the sale comes after an attempt to attract technology and creative companies to the marina, as well as trendy restaurant chains. Today, 80 businesses are based in the area, which is home to more than 6,000 workers.

Investor Nick Leslau bought the dock complex for £156 million through his Max Property Group. Blackstone assumed control of the site when it bought Max for £448 million in 2014.

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