Carlyle Group buys Landmark London Office Properties


The Carlyle Group has bought six landmark London office properties for £617 million.  The group, which was established in 1987, is a global investment firm that has more than $90.5 billion under management.  The purchased properties were formerly were part of the White Tower 2006-3 commercial mortgaged backed securities (CMBS) deal that was placed into liquidation since the start of the global financial crisis.

The six properties, all of which have tenants, are: Millennium Bridge House; 60 Victoria Embankment; Alban Gate; BSI Tower; Sampson House; and Ludgate House.  The buildings comprise a total of 1.6 million square feet of London office space.  Tenants include IBM, UBS, United Business Media and JP Morgan Chase.

Speaking about the purchase of these properties, Robert Hodges, Managing Director of Carlyle European Real Estate, said: ‘This acquisition is a further example of our strategy in Europe of making long-term investments in landmark assets in strategically important European centres.’


Image: Flickr (Garry Knight)