Avestus Capital Partners has exchanged contracts to sell Senator House in the City of London to US private equity company Angelo Gordon for £70m, reflecting a yield of 8.75%.
Avestus instructed Jones Lang LaSalle to sell the 155,000 sq ft building at 85 Queen Victoria Street, EC4, last autumn.
International Power is the principal tenant at the building, with almost 50,000 sq ft.
Others include Moneygram, Business Monitor International, CCLA Investment Management, Commonwealth Bank of Australia and Equigroup.
jack.sidders@estatesgazette.com
