CBRE Global Investors has gone under offer on 1-5 Howick Place, SW1, on behalf of German pension fund Verwaltungsgesellschaft für Versorgungswerke mbH, paying around £210m.
Doughty Hanson and Urban & Civic put the block up for sale in November for £205m.
It is VGV’s second major UK investment this year, after it purchased RBS’s Birmingham HQ at 7, 8 and 10 Brindleyplace for £130m from Tritax.
Howick Place covers 143,000 sq ft, let to tenants including Armani and Dong Energy.
JLL represented CBRE GI; CBRE acted for the vendors.
