CBRE Investors’ deal to sell its £53m Bechtel House on Hammersmith Road, W6, to MGPA, has collapsed.
The private equity real estate investor went under offer to buy the 170,058 sq ft building last month, but is understood to have been concerned about whether engineering firm Bechtel would remain after its lease expires in September 2014. However, a source close to the deal said selling agent CBRE opted to sell the block to a last-minute bidder.
Original bidders included Hermes and Legal & General. Tudor Toone advised MGPA.
joanna.bourke@estatesgazette.com
