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Blackstone fund to sell London office asset for £248M

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Blackstone fund to sell London office asset for £248M

A fund managed by private equity giant Blackstone Group LP agreed to sell the two-building Cannon Bridge House office property in London for £248 million, IPE Real Assets reported.

The buyers are FG Asset Management and European real estate investment manager The Valesco Group.

Cannon Bridge House comprises the interconnected, 100%-leased, 91,698-square-foot River Building and the 194,897-square-foot Atrium Building.