Land Securities Group Plc's agreement to sell its London Victoria office building has fallen apart after the prospective purchaser demanded a significant price reduction at the last minute. The failure marks a setback for the UK real estate giant, which was actively seeking to offload this high-profile asset to bolster its balance sheet. The collapse highlights the ongoing challenges facing commercial property owners in London's competitive market, where demand for prime office space remains subdued despite the city's status as a global financial hub. The potential buyer's request for a lower price underscores the current lack of urgency among investors to acquire such assets at pre-pandemic valuations.