LONDON--(BUSINESS WIRE)--London Bridge Holdings today announced the strategic sale of More London, one of the premier real estate holdings in London and internationally, to a well established London property owner. London Bridge Holdings originally had commenced a process to refinance More London by the early summer of 2014 but, when presented with a highly attractive offer which maximizes the value of its ownership of More London, London Bridge Holdings determined to capitalize on this opportunity. Terms of the transaction, including price and the identity of the purchaser, were not disclosed.

London Bridge Holdings stated, "This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business center. More London today is a magnificent development of properties, home to world class tenants from both the private and public sectors. It is an important symbol of London's position as an international business centre with morning, lunchtime and early evening footfall traffic at levels comparable to Bond Street. Our team of professionals has executed magnificently throughout our ownership of this unique real estate asset and with the value of More London now unlocked to us, we are well positioned to move forward to bring our 'More' brand to other attractive locations globally.”

London Bridge Holdings acquired in 1998 the brown field site which it developed into More London. These properties today provide occupiers the benefit of high quality, efficient office space, centrally situated within a vibrant new business community in a world famous location adjacent to Tower Bridge and opposite The Tower of London with excellent transport communications.