Axa poised for £240m Amazon HQ sale

Posted by: Victor Pardis on 3rd September 2013
Kuwaiti property company St Martins is tipped to emerge as the successful bidder, but is facing stiff competition from Chinese institution Gingko Tree Investment, German investor Deka Immobilien Investment GmbH, and JP Morgan Asset Management on behalf of an overseas investor, along with other interested parties. 60 Holborn Viaduct is one of the most sought after assets in the Midtown market on the strength of the building’s new sole tenant, Amazon. 

The sales process has been mired in secrecy largely at Amazon’s request ever since Jones Lang LaSalle was instructed to find a buyer for the building ‘off market’ almost immediately after the Amazon letting completed in May. 

Online retail giant Amazon will establish its new 210,000 sq ft headquarters at Sixty London. Amazon, currently headquartered in Slough, will move 1600 staff to the new premises and said the office space will enable it to draw talent from London. 

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