Beltane Asset Management and Angelo Gordon have exchanged contracts to acquire Millennium Bridge House, EC4, in an off-market transaction from MBH for around £95m.
The riverside property sits on a 1.5-acre island site. It provides 204,000 sq ft of office space, which is currently occupied by tenants including financial services firm Quilter.
It is let until September 2020, at which point there is the potential for a major refurbishment and repositioning of the asset.
Millennium Bridge House is the sixth acquisition that Angelo Gordon and Beltane have made together and follows the sale of 55 Gresham Street, EC2, last month to New York-based Ella Valley Capital.
JLL advised Angelo Gordon and Beltane Asset Management.
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