Chiswick Park is reported to be about to be sold to Blackstone for £480 million. The company went into exclusive talks just before the end of the year, it has been reported.
The US private equity firm looks to have beaten London & Stamford to buy the 1.9 million sq ft business complex presently owned by Chiswick Park Unit Trust. Blackstone is said to be negotiating with Deutsche Bank to fund the purchase of the park, which is managed by Aberdeen Asset Management, Schroders and Stanhope, who put the park up for sale in November.
Recent lettings to Tullow Oil and QVC helped to increase the asking price of the park valued at £350 million in 2010.