INDUSTRY NEWS

Blackstone interested in London offices at 8 Devonshire Square?

Asset management firm Blackstone is rumoured to be interested in buying Aon’s flagship offices in London for a fee of £330 million.

The London office building, located at 8 Devonshire Square, is currently owned by the Abu Dhabi Investment Authority and Rockpoint; however, no formal offer, as of yet, has been submitted for property – which was originally acquired for £410 million back in 2006.

Aon are set to vacate the offices at Devonshire Square, having agreed a pre-let deal with Oxford Properties and British Land for 191,000 sq ft of London office space at the Leadenhall Building – scheduled for completion in 2014.

Commenting on the pre-let agreement for the Leadenhall Building back in November 2011, Aon chief executive officer, Robert Brown, stated: “The Aon Centre places us at the heart of the City’s insurance sector and the building’s impressive location and offices reflect our standing as the leading global professional services firm focused on risk and human capital management.

“The UK, and indeed London (remains) an integral part of Aon Corp’s strategy.”

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