LONDON-Orion Capital Managers has acquired the old Daily Mail HQ at 50 Victoria Embankment in London and named Quadrant Estates as its development partner. The company bought the 120,000-square-foot Carmelite building from Aberdeen Asset Management clients.
Orion and Quadrant have plans to start renovating the existing building in January 2013 and complete it by mid-2014. The estimated cost of the development is GBP 120 million. CBRE advised Orion and Quadrant, while Knight Frank advised Aberdeen Asset Management in the deal. For the full story, go to Europe Real Estate .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
