€363m for Goldman Sachs' London hub

Goldman Sachs main City of London hub is to be put on the market by its Irish owners with a price tag of more than £300 million…

Goldman Sachs main City of London hub is to be put on the market by its Irish owners with a price tag of more than £300 million (€363 million), highlighting the rebound in prime London real estate.

River Court, which will be put up for sale this week, is the larger of the two linked offices that form the investment bank’s European head office on Fleet Street.

It was bought for almost €370 million by Green Property and a group of Irish investors put together by Kevin Warren almost 10 years ago, when it was one of the largest deals done in London.

It was formerly the headquarters of the Daily Express newspaper, retaining part of its facade from that period. The owners are said to be keen to take advantage of the boom in prime London office prices. – (Copyright The Financial Times Limited 2010)