(Reuters) - Britain's Land Securities Group Plc (L:LAND) said it had struck a deal to sell its 95 percent stake in an office building in Times Square, London, to real estate funds managed by Blackstone Group LP (N:BX) for 268.4 million pounds.
The 380,000 square feet office building at 160-162 Queen Victoria Street is fully let until 2023 to six office tenants, which includes Bank of New York Mellon (NYSE:BK) and law firm Dechert.
Land Securities, Britain's largest listed property developer, said it expected the deal to close by the end of July.