KKR snaps up 5pc stake in Great Portland Estates

It would appear KKR's acquistion of a 5.3pc stake in London landlord Great Portland Estates went unnoticed on Friday afternoon following all the excitement around William Hill.

Clearly, the big buyout firms can sense now is a time to snap up bargains even if that does just involve paying £74 million for a (relatively) small stake in a London landlord...