Real Estate

M&G strikes deal to buy Financial Times office

Pearson offloads property for £115m as FT prepares to return to Bracken House in the Square Mile

Property investor M&G Real Estate has sealed a deal to buy One Southwark Bridge, the London office soon to be vacated by the Financial Times newspaper.

M&G is paying £115m for the property, according to a statement from publisher Pearson, the seller. That is significantly above the £90m the building was being marketed at by agents Knight Frank and JLL.

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