L&G confirms £75m One Piccadilly purchase

REAL estate investor Legal and General Property has confirmed the £75m acquistion of One Piccadilly - the office building which is home to Bank of New York Mellon and a number of leisure operators.

The deal, first reported by TheBusinessDesk.com and in the property press last month , represents an exit for Europa Capital which acquired the asset in September 2011 . The six-floor Grade-A building developed by Argent in 2003 generates annnual rental income of £4.3m.

Mark Russell, fund manager of Legal and Gene... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...