Standard Life Buys QVC Building

Standard Life Buys QVC Building

Commercial News » Done Deals | By WPC Deals Team | August 21, 2013 2:14 PM ET

Standard Life is set to spend £71 million ($111.4 million) to buy the London headquarters of the QVC television channel, Property Week reports.

The 126,000-square-foot building in Chiswick Park, described as "one of the most sought after office deals outside central London," was reportedly coveted by several funds and overseas.

The seller was Schroders. The original asking price was £69 million, Property Week reports.

Private equity firm Blackstone owns Chiswick Park and is moving forward with plans to build a speculative office building in the complex, according to Property Week.

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