Legal & General’s (L&G’s) open-ended UK property fund has added the 30 Golden Square office building in London’s Soho to its portfolio.
L&G said the acquisition of the 32,492sqft refurbished building in London’s West End is the 12th acquisition for the Managed Property Fund this year. The fund has now acquired £370m (€442.2m) worth of assets in 2024.
Rob Codling, fund manager at L&G’s asset management arm, said: “The market is displaying increasing signs of positivity, and we continue to take advantage of this point in the market cycle to deploy capital across all sectors of the market in line with fund strategy.
“The offices sector has faced significant headwinds, but in our view prime assets have largely rebased and we have strong conviction around those offices situated in the strongest locations and with the highest ESG credentials, like 30 Golden Square.”
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