Derwent London has sold Angel Square in Islington, EC1, to Tishman Speyer for £86.5m.
The 126,200 sq ft property comprises three connected buildings, currently let to Expedia and The Office Group.
The property will become vacant following the sale, allowing Tishman to undertake a “significant refurbishment”.
Derwent boss Paul Williams said: “This disposal reflects the strength of investment demand for central London office properties.”
He added that the proceeds will be reinvested into its development pipeline, including 19-35 Baker Street, W1, and the now consented Network Building, W1, which together total more than 400,000 sq ft.
Tishman’s head of Europe, Bernard Pernaud, said the acquisition would “open a new phase of investment for us in the London market”.
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