Mitsui Fudosan UK and Stanhope have completed their purchase of City office block One Angel Court, EC2.
The pair paid about £65m to TIAA-CREF for the 200,000 sq ft 21-storey office tower, as revealed by Estates Gazette last month.
The block has consent for a circa 300,000 sq ft office development.
Exemplar, Helical Bar, Tishman Speyer, Land Securities and Quadrant Estates in a joint venture with Orion also bid for the tower.
Hideto Yamada, managing director of Mitsui Fudosan UK, said: “This recent purchase once again demonstrates our long-term confidence in the City of London office market, and our strategy to invest in and create top-quality buildings.”
David Camp, chief executive of Stanhope, added: “The City of London will increasingly be a market with a limited supply of high-quality office buildings and cumulative demand.
“One Angel Court, once redeveloped, will be a high-quality and sustainable addition to the skyline with great views across London.”
Strutt & Parker advised the buyer; CBRE acted for TIAA-CREF.
