Sale of 107 Cheapside completes (UK)

The Carlyle Group ("Carlyle"), the global private equity firm, yesterday (18 May) announced that the sale from the Carlyle European Real Estate Partners Fund of its approx. 17,000-m² office development at 107 Cheapside to Menolly Investments, which was agreed in January 2007, has now completed.

Menolly has dropped its Court of Appeal action which followed the High Court ruling in Carlyle's favor.

Source: FD

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