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Deutsche exchanges on Bankside buy

Deutsche Asset Management has exchanged contracts to buy US media giant Omnicom’s flagship offices on London’s South Bank, agreeing to pay a first tranche payment of c.£315m in a deal which will value the building at just under £400m.
By James Buckley
June 15, 2017 | 7:30 P.M.

Deutsche AM is buying the 453,904 sq ft 2&3 Bankside, SE1 from M&G for its open-ended real estate fund, Grundbesitz Europa with completion of the deal expected by the end of June.

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News | Deutsche exchanges on Bankside buy