Aviva Investors has sold 20 Soho Square, London, W1, to a private European investor for £117m.
The 66,000 sq ft office building is let in its entirety to Palantir Technologies as its UK headquarters.
It was redeveloped by Aviva in 2016 and has a rent roll of £4.9m, representing a 4.2% yield.
Julian Sandbach, head of London capital markets at JLL, said: “The significant infrastructure improvements around Tottenham Court Road station are having a material impact on the surrounding area, increasing its attraction. The transaction demonstrates that there is sustained investor demand for best-in-class assets with long-dated income in strategic infrastructure locations.”
JLL and CBRE acted on behalf of Aviva Investors.
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