Apollo, Glebe Plan $93M Remodeling For Former Reuters Center

Law360, New York (June 7, 2012, 6:22 PM EDT) -- Apollo Global Management LLC's real estate arm and Glebe Asset Management Ltd. have picked up a former London hub of Thomson Reuters Corp. and will back a £60 million ($93 million) remodel of the property for new data center operator Volta, the companies announced Thursday.

Currently in the process of closing on the property at Great Sutton Street, the joint venture plans to quickly execute its all-equity investment once the deal closes. Terms of the acquisition were not disclosed, and representatives for Apollo and Glebe could...
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