AXA Real Estate Investment Managers has completed on the £59m purchase of 1 Tudor Street, EC4.
The 70,720 sq ft office property was purchased on behalf of AXA selective Immo, a French OPCi, similar in structure to a REIT.
The office is fully let to eight tenants.
Huw Stephens, head of UK transactions at AXA Real Estate, said: “1 Tudor Street is another good addition to our central London portfolio and builds on our theme of investing in growth assets which demonstrate first class real estate fundamentals and reversionary resilience of a relatively low base. The acquisition of 1 Tudor St supplements our 2015 transactional record which comprises Camomile Court and 63 St Mary Axe, both in EC3, and 22 Bishopsgate, EC2, and further exhibits our ability to source and execute high quality transactions in the current market.”
