Carlyle Group buys six office properties in London for £671 million

Six landmark London office properties have been bought by the Carlyle Group for  £671 million. The properties were part of Syrian businessman Simon Halabi’s £1 billion portfolio who was declared bankrupt in April this year.

The properties were part of a commercial mortgage-backed security deal known as White Tower, which included ten properties, that was forced to go into liquidation because of the economic downturn. (more…)

Portfolio of London offices for sale

A portfolio of eight London office buildings is to be put up for sale by CB Richard Ellis Group Inc.

The buildings belong to entrepreneur Simon Halabi, and are being sold to repay investors part of the £1.15 billion in defaulted bonds which back the buildings. (more…)