Brunei, Others Bid £300M For London Office

Three investors, including a Middle Eastern sovereign wealth fund, have placed their bid worth over £300 million for the Alban Gate, located in the City of London.

Three investors, including a Middle Eastern sovereign wealth fund, have placed their bid worth over £300 million for the Alban Gate, located in the City of London, Property Week reports. The Brunei Investment Authority, a joint venture between Hines with Samsung Life as well as Tishman Speyer are the bidders.

The property, which is let to JP Morgan until 2025, was bought out of administration by Carlyle as part of a portfolio of London offices, formerly owned by Simon Halabi. GM Real Estate is advising on the sale.

Click here for the story from Property Week.