Time Inc. in SLB to Oxford Properties JV


The property was developed as part of the Bankside 123 project.

LONDON—A joint venture of Oxford Properties and Temasek is acquiring the Blue Fin Building here from a subsidiary of Time Inc. in a sale-leaseback. The 497,021-square- foot office property is changing hands for £415 million, or approximately US$640.4 million.

“The Blue Fin Building is an iconic asset located in the heart of London’s vibrant South Bank district and is a great addition to Oxford’s European portfolio, which now stands at over C$7 billion in assets under management in London and Paris,” says Paul Brundage, EVP of Oxford Properies Europe. “This transaction reinforces Oxford’s belief that specific emerging ‘live-work-play’ destinations will outperform over time as a result of infrastructure improvements and shifting occupier dynamics.”…

Time Inc. in SLB to Oxford Properties JV

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