German Fund Firm Pays $375M For Guardian HQ In London

Law360, New York (April 4, 2012, 1:55 PM EDT) -- German private fund firm Deka Immobilien Investment GmbH has acquired a seven-story office building in London's King's Cross neighborhood that houses the U.K.'s Guardian newspaper for about $375 million, a property agent advising Deka Immobilien said Wednesday.

Savills PLC, a U.K.-based global real estate service provider, said a Deka Immobilien fund bought the Kings Place building from Parabola Land Ltd., which is owned by local developer Peter Millican.

No closing date was given for the transaction, which was done off-market. Officials for Savills, Deka Immobilien and...
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