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GOVERNMENT OF ABU DHABI SELLS LONDON OFFICE BLOCK

The Abu Dhabi government has sold a London office block to private equity fund Blackstone for 549 million US dollars,  according to a report.

Abu Dhabi Investment Authority - also know as ADIA - together with its co-owner Rockpoint sold the 12-building Devonshire Square office and retail complex to Blackstone last week.

The price, 549 million US Dollars, is about 17% below the price paid by the two in 2006, when London office-property market was at a peak.

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