Legal & General’s managed fund has acquired 30 Golden Square, a newly-refurbished office building in London’s West End.
The acquisition, for an undisclosed sum, is the 12th acquisition for the group’s managed fund this year, marking £370 million of acquisitions so far this year for the fund.
Situated in the heart of London’s Soho, the freehold building comprises 32,492 sq. ft of Grade A office and ancillary accommodation arranged over basement, ground and seven upper floors and five external private terraces, a communal roof terrace and a communal business lounge.
The building, constructed in 1999, is currently multi-let to five office occupiers and one retail occupier.
Fund manager Rob Codling said: “The market is displaying increasing signs of positivity, and we continue to take advantage of this point in the market cycle to deploy capital across all sectors of the market in line with Fund strategy.
“The offices sector has faced significant headwinds but, in our view, prime assets have largely rebased and we have strong conviction around those offices situated in the strongest locations and with the highest ESG credentials.”
The deal follows on from the fund’s recent acquisition of the 38 Finsbury Square office development in London.
