Italian insurance giant Generali Global Corporate & Commercial UK has bought Times Square at 160-162 Queen Victoria Street in the City for £450 million from Blackstone, a net initial yield of 4.05%, in the largest single asset sale of the third quarter.
Generali Buys £450 Million City Offices From Blackstone
The Private Equity Firm Has Made a Strong Return on Times Square Building It Bought in 2015
By Paul Norman
CoStar News
October 22, 2021 | 1:28 P.M.
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IN THIS ARTICLE
- Properties
- Times Square
160 Queen Victoria St, London, LND
- Companies
- Generali Portfolio Management (UK) Ltd
Finance and Insurance