- Adding to its London investments inside its "core plus strategy," Blackstone (NYSE:BX) buys the 330K square foot building in London's financial district from Brookfield Property Partners (NYSE:BPY) for $543M.
- For Brookfield, the proceeds will be reinvested into its City development program.
- It's a seller's market in London, with rents in the best office buildings up 9% last year and expected to rise a similar amount in 2014.