Blackstone To Sell Broadgate Stake [REPORT]

The Blackstone Group L.P. (NYSE:BX) has agreed to sell its share in Broadgate, a large office complex in London, today according to a report from Bloomberg. The sale values the investment company's share of the complex at 1.7 billion British pounds $2.66 billion, and was agreed between The Blackstone Group L.P. (NYSE:BX)  and a sovereign wealth fund that was not named.

According to the report, which is based on information from two people familiar with the deal, the sovereign wealth fund of Norway is not the buyer, although the Scandinavian country's wealth fund had been in talks...