Blackstone, the US buyout group, is set to buy half of the Broadgate Estate in the City of London from British Land, reports The Times. The deal could be announced as early as Tuesday when British Land reports Q2 results, which are expected to show a further fall in asset values Blackstone’s real estate investment division is poised to pay £150m for a 50% share of the 16 office buildings close to Liverpool Street Station.

This entry was posted by Gwen Robinson on Tuesday, August 18th, 2009 at 4:48 and is filed under Capital markets, M&A. Tagged with blackstone, british land. Edit this entry.