Indonesian property developer Sinar Mas Land has paid £84m (€99.8m) for the New Brook Buildings, 8-18 Great Queen Street, in London’s midtown.
The purchase is the firm’s first acquisition outside Asia.
The 8,825 m2 office block near Covent Garden was sold by Henderson Global Investors.
Sinar Mas Land Limited is listed on the Singapore Exchange and based in Singapore. It has long-term investments in major commercial buildings, hotels and resorts, and is involved in property development and leasing in Indonesia, China, Malaysia and Singapore.
The purchase follows an active 2012 during which Asian investors invested more than £2.4bn into central London, nearly four times the total for 2010.
Martin Wright, real estate partner at law firm Mayer Brown, who advised Sinar Mas Land, said: “This is a very exciting time in the real estate market. The purchase underlines London’s continuing appeal to international investors and in particular to Asian investors in whose favour currency shifts over the past few years has weighted enormously.
“We think that market trend will continue throughout this year especially as domestic policy changes now allow insurers in China and Taiwan to invest in London.”
