German fund KanAm is in talks with the real estate arm of Kuwait about the sale of a 1 billion pound portfolio of four London properties that includes Deutsche Bank's (DBKGn.DE) UK base, a source close to the matter told Reuters.
The sale by the German open-ended fund includes buildings occupied by the European Bank for Reconstruction and Development and Thomson Reuters (TRI.TO), underlining the strength of London's safe-haven appeal for real estate investors.
Kuwait's St Martins property investment company has carried out detailed due diligence on the portfolio, in addition to Malaysian investment fund Permodalan Nasional Berhad (PNB), the source told Reuters.
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