UBS’s London Headquarters Attracts Buyer With $1.7 Billion Deal

UBS Group AG’s London headquarters will be bought by Korea’s National Pension Service and LaSalle Investment Management for about 1.25 billion pounds ($1.7 billion).

The silver building’s current owners Hong Kong-based CK Asset Holdings Ltd. started initial discussions with a handful of potential buyers earlier this year, Bloomberg reported at the time. NPS, working with LaSalle, was the winning bidder for the site at 5 Broadgate, according to people familiar with the matter, who asked not to be identified because the deal is private.

A representative for NPS declined to comment. A representative for CK Asset wasn’t immediately available ...