Blackrock’s UK Property Fund has sold 5 Strand on Trafalgar Square in London to a private Indian developer.

The freehold 72,359sqft office and retail property, which was marketed by Cushman & Wakefield and Tudor Toone, is being sold to the developer for more than the £80m (€91.3m) quoting price.

The property is a freehold site next to an internationally recognised London landmark with a range of repositioning and redevelopment options including residential, office and hotel use, subject to planning.