Reuters - November 29, 2006
Merrill Lynch is in talks with a number of potential parties about a possible sale and leaseback of its headquarters in the City of London, a source familiar with the matter said on Wednesday.
The building at 2 King Edward Street is close to London's St Paul's Cathedral and near to the London Stock Exchange. It was completed in 2001. UK real estate magazine Property Week estimated the sale and leaseback deal could be worth 600 million pounds ($1.17 billion).
Other big companies have carried out sale and lease back transactions, which enable them to make more efficient use of capital.
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Wednesday, November 29, 2006
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