Morley Fund Management is set to buy the headquarters of Barclays Bank in the City of London for close to £200m.
In the biggest institutional deal seen in the Square Mile for well over a year, Morley is in exclusive talks with the bank over the acquisition of the landmark building at 54 Lombard Street, EC3.
As Property Week went to press, Morley was awaiting the approval of the banks board before the sale went under offer. However sources within the bank said this was a formality. Morley declined to comment ahead of the meeting.
Property Week 24/05/02 page 3
