Case Study

The Broadgate Estate, City of London

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.

The challenge

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.

The solution

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.

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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