Mitsui Fudosan UK and Stanhope have purchased One Angel Court, EC2, from U.S. financial services organisation TIAA-CREF.
The 200,000 sqft 21 storey office tower has planning permission for an extensive redevelopment.
The acquisition of One Angel Court follows a string of key investments in Central London, including the recent purchase of Television Centre in White City.
David Camp, Chief Executive of Stanhope, said:
'The partnership between Mitsui Fudosan and Stanhope goes from strength to strength and this latest acquisition gives us another blue chip asset and redevelopment opportunity in a prime location in the heart of the City. The City of London will increasingly be a market with a limited supply of high quality office buildings and cumulative demand. One Angel Court, once redeveloped, will be a high quality and sustainable addition to the
skyline with great views across London.”
Source: Stanhope www.stanhopeplc.com