Market Chatter: Blackstone Revives Plan to Sell Canary Wharf Office Building

MT Newswires Live03-12

Blackstone (BX) has revived plans to sell an office building in London's Canary Wharf district for more than 250 million British pounds ($333.7 million), the Financial Times reported Thursday, citing unnamed people familiar with the situation.

The private equity firm has begun early discussions regarding the potential sale of its office building at 25 North Colonnade, known as Cargo, which was previously pulled from the market after the company failed to draw an acceptable price, the report said.

Blackstone didn't immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 104.33, Change: -2.92, Percent Change: -2.72

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