DTZ Investors has acquired the freehold interest in 47 Mark Lane, London for £73.3 mln (€93 mln) from UK REIT Land Securities.

DTZ Investors has acquired the freehold interest in 47 Mark Lane, London for £73.3 mln (€93 mln) from UK REIT Land Securities.

The acquisition marks DTZ Investors’ largest purchase to date and increases the assets under its management to £4.56 bn, with £280 mln still left for allocation to direct property on behalf of its clients.

47 Mark Lane is a high-quality, multi-let office and retail asset in the city, comprising 9,750 m2 of refurbished office space arranged over six floors, and ground floor retail accommodation. Tenants include AXA Insurance, IBM UK, Pizza Express, Pret, Eat and Starbucks.

'47 Mark Lane is exactly the type of asset that DTZ Investors is looking for,' said fund manager Kevin O’Connor, DTZ Investors. 'The site offers a mix-used, multi-let income and it is located in a strong growth area, which is only going to get stronger with time.'

Strutt & Parker advised DTZ Investors on the purchase and Capital Real Estate Partners acted for the vendor.