An overseas buyer has purchased Marks Square House in Shoreditch, East London, from LaSalle Investment Management for £38 mln (€45 mln).
The building, which is fully occupied by news agency Thomson Reuters, comprises around 62,500 ft2 arranged over six floors.
'The sale of 1 Mark Square is in line with our strategy to recycle and reinvest capital into existing LaSalle development projects to ensure that we are always making the most of our investments,' commented Shaun Reed, national director, LaSalle Investment Management.
LaSalle acquired the building in February last year after carrying out an asset swap with Derwent London involving stakes in a handful of properties.
Located between Old Street and Liverpool Street Station, the prime asset stands on the fringes of the City of London.
LaSalle was advised by Colliers and Cortex Partners, while Clay Street Property Consultants and Hamilton Investment Partners represented the buyer.
