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Invesco Buys London Office from JV for £141.5 Million
One Finsbury Circus, a 19,500-square-metre office building in London, has been sold by a joint venture between Hermes Real Estate Investment Managers Ltd, on behalf of the BT Pension Scheme, and clients of LaSalle Investment Management. Invesco Real Estate paid £141.5 million (€159 million) for the property, which is a landmark building with a Grade II listed façade in the City of London.
“This is one of the last sales arising from a portfolio rebalancing exercise on behalf of a new client, who, with a combination of sales proceeds and up to £300 million [€337 million] of new investment, is seeking to create new asset management opportunities in Greater London and industrial pro