Blackstone is in talks to acquire the Cabot Building in Canary Wharf, London, for £390 million (€446 million/$503 million) from Hines.
In 2014, Hines Global REIT acquired 25 Cabot Square (rebranded The Cabot), a 17-story, 452,878-square-foot office building located in Canary Wharf. Hines recently undertook an extensive 200,000-square-foot refurbishment of office space in the upper seven floors, along with a remodel of the reception area and development of four retail units.
