AFIAA, the Swiss investment firm, has bought a House of Commons-let office at 14 Tothill Street, SW1, from German investor Real IS for circa £90m.
Real IS has owned the 59,892 sq ft building, near Parliament Square, since 2007 when it acquired it from Gracemark Investment for £57.8m.
The House of Commons has occupied the space since, with a lease expiring in 2023.
Sebastian Feix, global head of transactions at AFIAA, said: “The property perfectly complements our portfolio in the centre of London, which comprises properties in the City, Midtown, Soho and St James’s.
“This acquisition represents another milestone in the implementation of our focused growth strategy.”
Cushman & Wakefield acted for Real IS.
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