Carlyle Buys Six Landmark Central London Assets For £671M

Global private equity firm The Carlyle Group , today announces that it has exchanged contracts for the acquisition of six landmark central London properties, which were formerly part of the portfolio securing the White Tower 2006‐3 plc CMBS. The properties, comprising the Thames Portfolio and Alban Gate total in excess of 1.6m sqft and currently generate over £62m of rent per annum. They have been acquired for a total of £671m.

The portfolio of six assets comprises the following:

• 60 Victoria Embankment – 420,000 sqft of mainly office buildings, fully let to JP Morgan Chase.

• Ludgate House – A 170,000 sqft office building located on the south bank of the Thames next to Blackfriars bridge. The property is fully let to United Business Media.

• Sampson House – 350,000 sqft of office accommodation. Located on the south bank of the Thames, the office building is fully let to IBM.

• Millenium Bridge House – A 200,000 sqft office building located on the north bank of the Thames in the City, which is fully let to UBS.

• BSI tower – Located in Chiswick, West London, this office building totalling 140,000 sqft is fully let to BSI Management Systems Ltd.

• Alban Gate – An office property located on London Wall in the heart of the City, totalling 382,000 sqft over 22 floors. It is fully let to JP Morgan Chase.