Happy New Year
- --- In LandCafe@yahoogroups.com, Dave Wetzel wrote:
> happy New Year!
Happy New Year to all
> Purchased in April 2011 for £480m Blackstone's have spent £70m developing a
> new 200 sq. ft. office block but arenow selling most of the site for a
> reported asking-price of £880m even though they are keeping back a small
> part of the site worth circa £100m which they expect to develop and sell
> for circa £300m.
> Chinese vie to buy £800m London offices
What is amazing is that the site is not even near central London. It is way out in west London, but conveniently near to Heathrow airport. It shows what transport infrastructure can do in raising land values.