2nd Aug 2019 15:03
(Alliance News) - The office property development that contains the London headquarters of Royal Dutch Shell PLC has received a purchase offer from an unnamed Asian investor, the Financial Times reported Friday.
According to two people briefed on the situation, the investor has made a formal offer to buy Southbank Place in south east London from real estate developer Almacantar.
As well as Shell's London headquarters, the property will also include a WeWork co-working space, whch is due to open later in the year.
The people close on the matter said the investor has offered above the asking price of GBP875 million, which has increased the probability of the deal being completed.
The Financial Times said should the deal go through, it would be one of the largest in the London office market in 2019, following a decline in investment volumes in 2018 due to Brexit uncertainty.
https://www.ft.com/content/770e43a6-b51d-11e9-8cb2-799a3a8cf37b
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