Henderson Park has completed the acquisition of Athene Place at 66 Shoe Land, EC4, for £101m.
The investor, which has had the building under offer since last October, bought the 147,000 sq ft office from Commerzbank.
It is fully let to Deloitte, although it is expected that it will exercise a break option next year.
Henderson Park has partnered with Endurance Land as its asset manager.
Blackstone Real Estate Debt Strategies provided senior debt for the deal.
Kuwaiti-backed Henderson has now made 11 acquisitions since it was established and this is its first in the London office market.
Nick Weber, founding partner of Henderson Park, said: “Athene Place is an exceptional building which has already begun to attract interest from tenants and which we believe has huge potential in one of London’s fastest-moving and best connected sub-markets.
“This investment underscores our firm belief in the demand for institutional quality central London office space, driven by London’s preeminent position as a centre for international business.”
BH2 and Savills advised Commerz.
To send feedback, e-mail david.hatcher@egi.co.uk or tweet @hatcherdavid or @estatesgazette
