The British headquarters of Microsoft has been sold for £100m.
The 250,000 sq ft campus in Reading has been bought by AIP Asset Management, a Seoul-headquartered asset manager, and Valesco Group, a London-based property investment manager, on behalf of a consortium of South Korean institutional investors.
The campus was the jewel in the crown of a regional office portfolio built up by Mapeley before the financial crisis. The value of the assets collapsed, however, the property investor lost control and an asset-backed loan taken out by Mapeley went into special servicing with Solutus Advisors.
