FINANCIAL NEWS

Abu Dhabi in talks with Rockpoint to sell Aon London HQ

26 Mar 2012

(MENAFN) Abu Dhabi Investment Authority and its partner Rockpoint Group are in talks to sell American insurance Aon Headquarter in London, local media reported.

London’s Sunday Times said the partners were in talks with US-based asset management firm Blackstone Group to sell the building, located in Devonshire street, for USD524 million.

It is worth mentioning that Aon is moving from Chicago to its new headquarters in London, and will take up space on the lower ten levels of the 47-storey skyscraper, with the option to add an extra 85,000 sq ft of City offices across floors 14 to 18 if it needs to further down the line.

Founded in 1976, the Abu Dhabi Investment Authority manages assets of around USD627 billion and is ranked as the largest sovereign wealth fund in the world by the Sovereign Wealth Fund Institute.

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