City Of London
Deutsche Bank London HQ Sold for £257 Million to Malaysian Firm
- Gamuda ties up with UK real estate PE firm for the purchase
- German lender moving to new premises in the City this year
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Malaysian construction firm Gamuda Bhd. has bought Deutsche Bank AG’s soon-to-be-vacated London office for £257 million ($315 million) in one of the City’s biggest property deals this year.
Gamuda partnered with UK private equity firm Castleforge for the purchase of Winchester House, the company said in a statement Monday. The buyers plan to refurbish the premises into a sustainable office for global financial institutions, legal firms and tech corporations, they said.