Mayfair Capital has made its largest acquisition to date, paying £112.5m (€124.5m) for central London office building, a deal which highlights the UK real estate manager’s commitment to the city.

The manager said it bought the 15 Bonhill Street building from LGIM Real Assets’ UK Property Fund.

Located in Shoreditch, the multi-let building provides office accommodation across the basement, ground and six upper floors, totalling 113,000sqft.

Giles King, fund manager at Mayfair Capital Investment Management, said: “The Bonhill Building meets a number of our thematic investing criteria – tech connectivity, transport infrastructure, clustering of tech businesses and wellness.

“Along with an attractive yield of 5%, we see potential for further growth in the office rents.”

King said the acquisition case was strengthened by Mayfair’s expectation London will remain a popular destination for talent and occupiers regardless of the Brexit outcome.

”Much of the global city’s attraction is tied to factors independent of the UK’s EU membership – location, time zone, language, workforce, infrastructure and culture. So far London has proved very resilient, with strong job creation and new commitments from international corporates – such as Google.”

Matt Jarvis, senior fund manager of the UK Property Fund at Legal & General, said having acquired the asset in 2014 for £62.6m, this sale marks the conclusion of a successful asset management programme and supports the fund’s strategy to seek undervalued sectors.

The UK Property Fund, which was launched in 2006, has grown from £100m to over £3bn today as it continues to see steady capital investment from retail investors, the manager said.