The £455 million sale of a 50 per cent stake in the Nova building in Victoria, west London, stalled at the start of the pandemicLondon offices worth almost £5 billion are for sale ahead of what has been called a “key” few weeks that will test the resilience of the commercial property market. Knight Frank, the estate agent and property consultancy, said that in addition to the £4.9 billion of available stock, nearly £3 billion of buildings had been placed “under offer” by purchasers and were close to being sold. Property agents are watching the progress of big deals, including the £512 million sale of Schroders’ City headquarters. The building, with 11 garden terraces, restaurants and a gym, is being sold by Brookfield Asset Management, of Canada, to AGC, a Middle East-based investor. The £455 million sale of a 50 per cent stake in the Nova building in Victoria,

Source: The Times September 09, 2020 23:03 UTC