Frogmore has confirmed its purchase of Weston House, 246 High Holborn, WC1, on behalf of a leading UK real estate fund manager.
The 74,755 sq ft office building was purchased from Allianz Real Estate for £60.5m.
James Frost, associate partner at Farebrother, said: “Midtown is one of London’s most over-subscribed markets, which is highlighted by the fierce competition for good-quality, well-located assets, particularly where there is opportunity for substantial growth in rental income through refurbishment and proactive management.”
Frogmore was represented by Farebrother; JLL acted for Allianz.
