Aberdeen Asset Management has sold the freehold interest in 61 Southwark Street, SE1, to international real estate developer HB Reavis for £44m.
Aberdeen has was recently granted planning for the refurbishment and extension of the building to provide 77,000 sq ft of office space.
HB Reavis intend to start on site immediately, working with Tate Hindle Architects.
Tomas Jurdak, managing director of HB Reavis UK, said: “This is our third acquisition in central London. We buy into areas that will benefit through improved access to public transport and local amenities. This will continue to drive tenant demand in these central locations.”
This acquisition follows the purchases of 20 Farringdon Street, EC4, an 83,500 sq ft office scheme and HB Reavis’ first UK development at 33 King William Street, EC4, a new 227,000 sq ft grade-A office building.
Colliers International advised Aberdeen Asset Management and Knight Frank advised HB Reavis.
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