BNP Paribas Real Estate provided GIC with key acquisition advice for a 50% share in the Broadgate Estate, a significant asset in the City of London.
An opportunity was presented to acquire the Blackstone Group’s 50% share of the Broadgate Estate, one of the most significant estates in the City of London, comprising 30 acres of public realm, office and retail accommodation.
We provided advice to GIC for its successful acquisition of a 50% share of the Broadgate Estate for £1.7 billion, reflecting a value of £721 per sq ft.
The largest single transaction in the UK
gross rental income per annum
size of office, retail, leisure and ancillary accommodation on site
William Spencer, Senior Director, City Investment
“This is a landmark transaction and a fantastic opportunity for GIC to progress the regeneration of this major London estate and deliver a world-class ownership.“
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