The 103,500-square-foot building is Tishman Speyer’s third Central London acquisition in recent months. It previously purchased the headquarters of British grocery chain Sainsbury and The Point office building in the Paddington neighborhood of London’s West End.
“Demand for first-class office space in the world’s great cities continues to grow,” said Rob Speyer and Jerry Speyer in a joint statement. “We endeavor to meet that demand via ground-up development and selective acquisitions of existing properties. We continue to have a very positive long-term view of the London office market and look forward to the possibility of expanding our presence further.”
Acquired from Hermes Investment Management and Canada Pension Plan Investment Board, the recently renovated property includes ground-level retail and six floors of office space