NorthStar Realty Europe/China Resources Land £300 million acquisition of 20 Gresham Street

Overview:

• NorthStar Realty Europe and China Resources Land have acquired 20 Gresham Street, London for £300 million.
• The 240,000 square foot building has tenants including ICBC Standard Bank and TSB Bank.
• The building is CRL's first acquisition and was previously bought by AXA Investment Managers.
• The deal is a latest in a string of London real estate deals completed in the past few months including: Chinese Estates Holding £174.9 million acquisition of 11-12 St James's Square; CC Land Holdings £1.15 billion acquisition of the Leadenhall Building; Rathbone Place Jersey's £435 million acquisition of Rathbone Square; SEGRO's £365 million acquisition of Airport Property Partnership; Deka Immobilien £485 million acquisition of Cannon Place; and Deutsche Finance International consortium and Yoo Capital's £296 million acquisition of the Olympia Exhibition Centre.

Katrin Kostadinova - Data analyst