Russian International Reserves Fall $15.7 Billion in Week to Dec. 19

Kuwaiti Company Said to Pay 1.7 Billion Pounds for More London

St Martins, the U.K.-based real estate investment vehicle of Kuwait’s government, bought a London commercial property development for about 1.7 billion pounds ($2.8 billion), according to a person familiar with the transaction.

London Bridge Holdings sold More London, a group of properties next to Tower Bridge that includes the office of London’s mayor, to an unnamed buyer for an undisclosed price, according to a statement from the seller today.

London Bridge called the offer “highly attractive” and described the buyer as a “well established London property owner,” according to the statement.

Reuters reported the buyer and price earlier. Robert Siegfried, a spokesman for Kekst and Company, the public relations firm representing London Bridge, declined to comment on the price and the identity of the buyer. Richard Stocks, a spokesman for FTI Consulting, the public relations firm representing St Martins, declined to comment.

To contact the reporter on this story: Andrea Snyder in Washington at

To contact the editor responsible for this story: Andrea Snyder at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.