GPE sells 50 Finsbury Square for £190m

It said net proceeds will be initially used to pay down the group’s revolving credit facility and will reduce the company’s loan to value

Great Portland Estates (GPE) has exchanged contracts on the sale of the freehold of 50 Finsbury Square, EC2 to a wholly owned subsidiary of Wirtgen Invest Holding GmbH, a private German family office in a deal worth £190m.

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