LONDON-Great Portland Estates has inked an agreement to sell a37.5% stake in The 100 Bishopsgate Partnership, its joint venturewith Brookfield Properties Corporation (BPO), for GBP 47.2 million.The company is selling its stake in the Partnership, which ownsleasehold stake in 100 Bishopsgate, to BPO.
The Partnership achieved planning consent in 2011 for a948,600-square-foot mixed-use project including a 40-story officebuilding with 22,250 square feet of retail space and a second49,600-square-foot office and retail building. For the fullstory, go to PropertyMall .
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