London-focused commercial real estate investor Seaforth Land has acquired a West End asset for £165m (€187.6m).
The asset manager said it bought CAA House office asset in Holborn from property investor Almacantar. Almacantar bought the asset in 2012 for around £110m before being registered Grade II listed status in 2015.
The CAA House office building comprises 229,192sqft of office space split across two interconnected buildings of eight storeys at 43-59 Kingsway and 15 storeys at 1 Kemble Street.
The property is let to the Civil Aviation Authority until December 2019.
Tyler Goodwin, CEO of Seaforth Land, said: “As a Central London value investor, Seaforth Land views CAA House as a unique opportunity to place-make while delivering office space designed around the rapidly elevating needs of our customers – creative and corporate tenants.
”Specialisation has helped us to move quickly to identify, underwrite and discreetly execute this off-market transaction.”
Seaforth Land said the latest deal is the firm’s fourth acquisition.
