Northwood Investors has bought Five Acre Square in the City of London, EC3, from Madison International Realty and Nuveen.
It is the final asset in the Houndsditch Estate, after Brockton Everlast picked up the rest of the portfolio last year.
The 224,000 sq ft office at 133 Houndsditch hit the market last year with a price tag of around £170m, reflecting a circa 5% yield.
The freehold building is fully let to tenants including WeWork, which occupies 46,000 sq ft, and multimedia firm Infopro Digital, which lets 16,400 sq ft.
The average WAULT of the property is 8.5 years. It produces income of £8.65m per annum and has a capital value of £840 per sq ft.
Alex Lukesch, managing director for investment at Madison International Realty, said: “The sale of this asset follows the completion of our asset management business plan, having repositioned the building and achieved full occupancy with two lettings in the last six months.”
Madison acquired Five Acre Square in 2014 as part of a portfolio of five Houndsditch Estate properties for around £240m.
The other Houndsditch assets at 123, 115, 117, 119 and 120 Houndsditch were sold to Brockton Everlast.
Northwood Investors was advised by JLL; Madison International Realty was advised by CBRE.
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