New York-based Madison International Realty has bought a 50% stake in the Houndsditch Estate, EC3, from TIAA Henderson Real Estate.
The stake in the 326,000 sq ft estate is valued at £200m.
The site was bought in two states in 2006 and 2009 by TH Real Estate, including the freehold interest on half of the estate from the Cutler’s Company last year.
The estate is made up of four adjoining office buildings, which are 95% let
Nick Deacon, director of central London offices at TH Real Estate, said: “The creation of this joint venture with Madison is consistent with our strategy to enter into joint ventures alongside partners across a range of sectors.
