M&G moves for Bankside blocks

By Jim Dunton - Wed 4 September 2013, 2:09 pm

M&G Real Estate is buying Royal Bank of Scotland's Bankside offices from current owners Land Securities, according to reports.

The property investment manager is paying £312 million for Bankside 2 and 3 and the retail element of Bankside 1, trade website CoStar reported.

Royal Bank of Scotland still has 14 years to run on its leases, which cover some 454,000 sq feet and commenced in 2007.

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