UK - Hermes Real Estate has sold 20-24 Carlton House Terrace, the UK headquarters of Anglo American, for £66.5m (€78.3m) on behalf of the BT Pension Fund.

The deal represents the second-largest transaction in London's West End this year, following the sale of 2-3 Triton Square in March for £115m.

The Anglo American building (pictured), which provides more than 90,000 square feet of office space, along with 14 apartments and car parking spaces, was sold to Credo Group for a net initial yield of 6.18%.

Constructed in the 1970s, the offices were redeveloped by P&O Estates in 1998.
Jones Lang LaSalle acted for Hermes in the sale and David Baroukh Associates advised the Credo.

The freehold is held by The Crown Estate Commissioners.

(Image originally produced by Formation Architects)