Blackstone, the
The office campus came to market in November almost a year after the termination date of its ownership vehicle, the Chiswick Park Unit Trust.
Schroders, which manages the fund with Aberdeen Property Investors and has a 20% holding in it, had been talking to investors over the future of the trust for the previous 10 months.
Blackstone is understood to have beaten rival bids from
The private equity group is expected to acquire the vehicle that owns the park, which includes a collection of
The development, managed by Stanhope, was built on the site of a former London Transport bus depot. It produces income of £32m pa.
Savills and CB Richard Ellis are advising on the sale.
paul.norman@estatesgazette.com
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