Back to the Utah State Aggies Newsfeed

LDS Church in talks to buy London office building for $129M, report says

The Church of Jesus Christ of Latter-day Saints is negotiating to buy a London office building for a reported $129 million, according to Bloomberg.

Citing anonymous sources, Bloomberg reported that the church’s real estate company, Property Reserve Inc., is in exclusive negotiations to by the Alder Castle building at 10 Noble St. for 100 million pounds. A fund managed by M&G Real Estate is selling the building, which was built in 1999.

According to the building’s website, it has undergone an “extensive refurbishment” and features “high-quality office accommodation.” Amenities include terraces and green spaces; a “discreet drop-off”; shower and locker facilities; bike storage; access to public transportation; LED lighting throughout; 24-hour security; and “striking views” across the city, including a view of nearby St.