LaSalle Investment Management has agreed to sell a 62,506 sq ft office in Shoreditch to an overseas investor for over £38m.
The six-floor office building, 1 Mark Square, is located on an island site close to Old Street roundabout and Liverpool Street Station, and is currently let to Thomson Reuters.
La Salle said it offered “the opportunity for significant redevelopment.”
Shaun Reed, national director, LaSalle Investment Management, said: “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.”
LaSalle was advised by Colliers and Cortex Partners, while Clay Street Property Consultants and Hamilton Investment Properties represented the buyer.