trending Market Intelligence /marketintelligence/en/news-insights/trending/dzwqnwm8owjkhyqcdn931a2 content esgSubNav
In This List

HFF confirms Blackstone's £248M City of London office sale

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


HFF confirms Blackstone's £248M City of London office sale

Blackstone Group LP divested the Cannon Bridge House office asset on Upper Thames Street in the City of London for £248 million, HFF Real Estate Ltd., which represented Blackstone in the transaction, confirmed.

A March report named FG Asset Management and European real estate investment manager The Valesco Group as the buyers of the office property.

The asset sits on a 2.5-acre site and offers a total of 286,595 square feet of prime office space across a basement, a ground floor and six upper levels. The property is composed of two interlinked buildings: the refurbished River Building provides approximately 91,698 square meters of office and ancillary space, which is pre-leased to Deliveroo and Kobalt Music, and the Atrium Building features 194,897 square feet of office area.

Cannon Bridge House has a weighted average unexpired lease term upwards of 10.5 years to expiry and a current average passing rent of £46 per square foot.