Bloomberg News

Zuckerman to Buy BlackRock’s London Offices, Sunday Times Says

March 04, 2012

Mort Zuckerman, the billionaire owner of the New York Daily News, has reached an agreement to buy the London headquarters of fund manager BlackRock Inc. (BLK) for 285 million pounds ($451.3 million), the Sunday Times said.

The office block known as Drapers Gardens is owned by Evans Randall Investment Management Ltd., a private equity firm and investment bank that paid 242.5 million pounds for the property less than two years ago, the London newspaper said, without saying where it obtained the information.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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