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... For the full story register now for free or login below...