LONDON-Great Portland Estates has inked an agreement to sell a 37.5% stake in The 100 Bishopsgate Partnership, its joint venture with Brookfield Properties Corporation (BPO), for GBP 47.2 million. The company is selling its stake in the Partnership, which owns leasehold stake in 100 Bishopsgate, to BPO.
The Partnership achieved planning consent in 2011 for a 948,600-square-foot mixed-use project including a 40-story office building with 22,250 square feet of retail space and a second 49,600-square-foot office and retail building. For the full story, go to PropertyMall .
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