TPG Real Estate and Ivanhoé Cambridge have confirmed the sale of Woolgate Exchange, EC2, to Taiwanese insurance firm Cathay Life.
Cathay Life is understood to have paid around £320m for the property, which is now 100% let to Portigon AG, the bank formerly known as West LB.
TPG and Ivanhoé Cambridge bought the building in early 2013 from receivers at Knight Frank.
CBRE advised Cathay; Eastdil Secured advised TPG Real Estate and Ivanhoé Cambridge.
sophia.furber@estatesgazette.com
