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WeWork in talks to buy another City office

WeWork is close to tying up a deal to buy a City of London office block from The State General Reserve Fund (SGRS), a sovereign wealth fund set up in 1980 by the Sultanate of Oman.
By James Buckley
March 12, 2019 | 3:20 P.M.

The US co-working group is under offer to buy 99 Queen Victoria Street, an office property near St Paul’s Cathedral, EC4, for slightly over the £65m asking price. SGRS, which was created to manage the investments of Oman’s oil reserves, put the asset up for sale at the end of last year for a net initial yield of 7%, or circa £700 per sq ft.

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IN THIS ARTICLE


  • Properties
    • 99QVS

      99 Queen Victoria St, London, LND

News | WeWork in talks to buy another City office