ADVFN - Advanced Financial Network.
HOME» NYSE » B » BXP Stock Price » BXP Stock News

Boston Properties Share News

 Boston Properties, Inc. Stock Price
BXP Stock Price
 Boston Properties, Inc. Stock Chart
BXP Stock Chart
 Boston Properties, Inc. Stock News
BXP Stock News
 Boston Properties, Inc. Company Information
BXP Company Information
 Boston Properties, Inc. Stock Trades
BXP Stock Trades

Boston Properties Abandons Pursuit Of London Tower

By A.D. Pruitt Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Boston Properties Inc. (BXP) isn't taking London's call. The office real-estate investment trust has scrapped talks to buy Drapers Gardens, a trophy office building in London's financial district, according to a person familiar with the matter. Boston was in negotiations to buy the 292,500-square-foot building for roughly $450 million from private-equity firm Evans Randall. A spokeswoman for Boston Properties declined to comment. However, in recent earnings conference calls, President Douglas T. Linde said that, although the company "pursued" some opportunities in London, "the economic requirements and the opportunities didn't get to the point where we were prepared to consummate a transaction." The deal would have marked Boston Properties' maiden acquisition in London at a time when many foreign buyers have flooded the city. Demand has been strong for London office buildings in part because the market is perceived as ultra-safe. London tenants usually sign long-term leases that aren't subject to rent reductions. Still, some analysts said they remain wary of companies entering markets with no on-the-ground training or local partners to guide them through unfamiliar terrain. "I had reservations about it about being a good idea in the first place because I think there is substantial risk in investing overseas," said David Harris, an analyst at Imperial Capital, noting currency risk and complicated tax structures. "They should probably be spending their dollars here in their established markets rather than planting their flag in the English capitol," he said of Boston Properties. -By A.D. Pruitt, Dow Jones Newswires; 212-416-2197;

Stock News for Boston Properties (BXP)
10/26/201606:04:29Current Report Filing (8-k)
10/25/201619:59:00Boston Properties Revises 2016 Guidance, Gives Disappointing...
10/25/201619:03:00Boston Properties Announces Third Quarter 2016 Results
10/13/201617:10:00Salesforce Tower Becomes the Tallest Building in San Francisco
10/12/201616:35:00Boston Properties to Release Third Quarter 2016 Financial Results...
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:30Statement of Changes in Beneficial Ownership (4)
10/04/201612:45:33Statement of Changes in Beneficial Ownership (4)
10/04/201612:44:39Statement of Changes in Beneficial Ownership (4)
10/04/201612:44:13Statement of Changes in Beneficial Ownership (4)
09/15/201611:54:49Statement of Changes in Beneficial Ownership (4)
09/09/201616:01:00Boston Properties to Participate in the Bank of America Merrill...
09/06/201616:01:00Boston Properties to Participate in the Evercore ISI 2016 Real...
09/01/201616:01:00Boston Properties Declares Regular Quarterly Dividends
08/18/201615:44:05Statement of Changes in Beneficial Ownership (4)
08/18/201610:40:11Statement of Changes in Beneficial Ownership (4)
08/17/201616:59:05Current Report Filing (8-k)
08/11/201611:39:04Statement of Changes in Beneficial Ownership (4)
08/08/201617:37:00Boston Properties Prices $1.0 Billion Offering of Senior Unsecured...

Boston Properties and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations