Bloomberg News

Guardian Publisher’s London Headquarters to Be Bought by Deka

April 03, 2012

Deka Immobilien GmbH agreed to buy the London headquarters of Guardian Media Group Plc from Peter Millican, a property developer and philanthropist, a spokeswoman for the property said.

Kings Place, home to the Guardian newspaper’s publisher, was put up for sale in October. The purchase price wasn’t disclosed, spokeswoman Erica Bolton said in an e-mail today. Property Week reported earlier today that Deka’s WestInvest InterSelect fund bought the property, which also includes two public concert spaces, bars and restaurants.

Parabola Land Ltd., the closely held company that’s selling Kings Place, made a profit of 4.2 million pounds ($6.8 million) for the year through March 2011, according to a regulatory filing.

Daniela Gniss, a spokeswoman for Deka, declined to comment. Property Week said Kings Place was put on the market for 235 million pounds.

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.


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