Transport for London has sold its head office at 55 Broadway, SW1, to Integrity International Group.
Integrity International Group now holds a 150-year lease on the office complex, which also includes 100 Petty France and Wing Over Station.
The long leasehold interest includes the ground-floor retail units, but not the ticket hall and other operational property.
TfL will be taking a short leaseback of the Broadway office space for a maximum of 12 months.
Knight Frank advised TfL on the deal, which was completed last Friday.
Graeme Craig, director of commercial development at TfL, said: “The opportunity for a long single leasehold was offered through the open market to deliver best value for money.
“It forms part of our long-term estate management strategy to reduce our office accommodation costs and generate vital revenue to support upgrading critical transport infrastructure and our housing development programme.”
BNP Paribas Real Estate advised Integrity International on the deal.
See also: Interview: Graeme Craig – the man keeping TfL’s property arm on track
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