Tishman Speyer has acquired Eland House in London from Land Securities for £171.1 million (€205.6 million). The 23,500-square-metre property, which was built by Land Securities in 1995, is located on Bressenden Place and houses the Department for Communities and Local Government.

“We are delighted with this latest addition to our London portfolio, which follows recent purchases in Frankfurt and Paris,” says Julian Stocks, managing director, United Kingdom, at Tishman Speyer. “Eland House is a grade A office building in a great location that will improve further as Land Securities develops its Victoria Circle scheme.”

In Paris, Tishman Speyer purchased the Pont Cardinet development project, which will comprise two class A office buildings set to be completed in late 2013. One of the buildings will comprise 11