Blackstone £415 million acquisition of Broadgate Quarter

26/1/2016

Private acquisition

Value:

£ 415 million

Dollar value:

$ 516.981 million

Status:

Completed

Date:

26/1/2016

Overview:

Blackstone has acquired the Broadgate Estate from HSBC Alternative Investments for €415 million.
The deal was completed by Blackstone acquiring Broadgate West Property I and Broadgate West Property II.
Broadgate Quarter is a 460,000 sq ft multi-let office building on the edge of the Broadgate Estate in London.

Sam Duke - Editor

Jurisdictions:

United Kingdom
Channel Islands: Guernsey

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Real estate

Firms:

Appleby

Party: Blackstone (Acquirer)

Lawyer: Jeremy Berchem

Carey Olsen

Party: HSBC Alternative Investments (Seller)

Lawyer: David Crosland

Goodwin Procter

Party: HSBC Alternative Investments (Seller)

Lawyers: James Spence, Martin Smith

Herbert Smith Freehills Kramer

Party: Blackstone (Acquirer)

Lawyer: Shona Grey

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