GMG Real Estate has completed a £24m deal to acquire the freehold interest in in 1-7 Old Queen Street, SW1, which is occupied by the National Crime Agency.
GMG, which bought the offices through a privately managed vehicle, plans to refurbish the building when the occupier vacates the property in January 2021.
The building was developed as a purpose-built office in 2006, comprising 21,500 sq ft (net internal area) across garden level, ground and six upper floors.
It overlooks Westminster Abbey and offers a private courtyard, with scope to add a terrace.
The transaction comes after GMG bought 10 Greycoat Place, SW1, for £50m last year.
GMG is a privately-owned European property investment, asset and development management business. It has offices in London, Lisbon and Geneva.
It has so far transacted on more than €1bn (£890m) of real estate investments globally.
Gerald Eve and law firm Katten Muchin Rosenmann acted for GMG, while Cluttons and law firm Boodle Hatfield advised the vendor.
To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette
