US investment firm Rockpoint Group has bought the Cutlers Gardens estate in the City of London for £410m.
The Boston-based real estate fund has bought the 600,000 sq ft office complex in EC2 from the Peabody Fund – a joint venture between JP Morgan and US fund manager O’Connor Capital.
The main tenant in the estate is Aon, which occupies over 400,000 sq ft on the estate.
BH2 advised Peabody.
References: EGi News 26/10/06
