Stena Realty has bought the freehold of the 50,000 sq ft Holland House at 1-4 Bury Street opposite the Gherkin in the City of London, and the 5,300 sq.ft Renown House at 33-34 Bury Street from a local authority pension fund managed by Aberdeen Asset Management.
The sale draws a neat parallel, as the art deco properties were originally built in 1916 for Dutch shipping and mining company Wm H Müller & Co.
Ronald Visscher, managing director of Stena Realty, said:
"The central areas contain well preserved mosaics and attractive steel and copper details, adding to the building's attractiveness to tenants and visitors alike."
Stena is advised by Trinova Real Estate, the London based investment and asset manager, which bought the properties off market. Knight Frank advised Aberdeen.
Source: Trinova Real Estate www.trinovarealestate.com