More London sold to Kuwaiti's St Martins for £1.7 billion (UK)

According to a Reuters report, Kuwaiti firm St Martins Property Group has acquired More London, a prime office property in London, from London Bridge Holdings for approximately £1.7 billion (approx. €2 billion).

"This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business center," the firm said in a statement.

More London has a total area of 13 acres and is located adjacent to Tower Bridge and opposite The Tower of London.

Source: Reuters

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