DEBT FINANCING. EXCLUSIVE Blackstone land Broadgate share sale

LONDON (Reuters) - Blackstone Group is expected to Broadgate sell its 50 percent stake on London development for up to 600 million pounds in the year 2012, possibly a thicker return on investment, crops, said two sources.
The US private-equity firm, one of the largest property investors in the world, is in the early stages of the anchoring of interest from selected global pension funds and at least a SWF, familiar with the matter, a source said.
Swiss Bank UBS (UBSN.)(VX) (UBS).(N), which said on Thursday, a trader had lost over $2 billion in unauthorized deals, is the largest tenant in Broadgate, the Blackstone together with the developer British land (owned by BLND.)(L).
When price reaches Blackstone of 600 million pounds for his part, it would value the entire Broadgate portfolio at approximately 3.1 billion pounds, including £ 1.9 billion debt.
Blackstone purchased its half share of the 30 acre site in London's city financial of British country in September 2009 for £ 77 million, while also on 987 million pounds of debt, which against the well secured.
It was not immediately clear how the debts, which would be dealt with in connection with Broadgate in every deal.
Oxford Properties, the property of part of Canada's Ontario municipal employees retirement system, the British is country joint venture partner on the Cheesegrater Tower in the financial district, city, is the first source said an offer, breed.
Other parties will include probed the first source said Norway's sovereign wealth funds, Malaysian pension fund EPF and South Korean NPS, pension.
No sales agent had, has been appointed for the sale of shares, and no formal sales process began, the first source said.
An opinion rejected Blackstone.
British land was not immediately available
for comment.
The site is British country greatest asset and in the annual report of 2011, the first-class real estate investment trust Broadgate at approximately 2.7 billion pounds, with debts of £ 1.9 billion.
Owner property looking best city increased to sell, as commercial real estate have 17.7 percent values 25 months in a row, and potentially choppy times property, which brokers said was.
Last week a billion pound-folio of four homes for sale, including the London-based of Deutsche Bank (DBKGn.DE) has the German Fund of KanAm. London's iconic Tower 42 skyscraper was for sale with a 290-million-pound prize on Wednesday to put up.
UBS is a 700,000 square foot office building in Broadgate building, after a bid by English Heritage to get building that will replace it was rejected in June by the Government.
The Broadgate development which Street adjacent to the railway station in Liverpool, was built from 1984 to 2008.
The Government green light for UBS control could start the sales process now asked a third source told Reuters.
Blackstone had $28 billion of fee property earning assets end of June. The portfolio includes Hilton hotels and UK holiday resort operator Center Parcs.

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