ADIA and Rockpoint Plan to Sell Devonshire Square Estate

As core real estate in London is growing in institutional investor demand, many buyers at the top in 2006 and 2007 are thinking about selling.  Maturing debt is putting pressure on real estate owners who purchased properties before the financial crises.  The Abu Dhabi Investment Authority (ADIA) and Rockpoint Europe Limited are planning to sell Devonshire Square Estate. Devonshire Square is an office block located in London which comprises of 12 buildings just east of Liverpool Street Station. The two organizations have hired CBRE Group Inc. to find buyers.

In October 2011, Rockpoint and ADIA secured an extension on debt which has been extended to April 23, 2013.  [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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