According to Bloomberg, the 21-story, Grade A tower, completed in 2019, is reported to have been sold for £335–£340 million. The property is fully leased to 13 prestigious companies, including the international law firm Sidley Austin, providing it with a stable and high-quality income stream.
The transaction was primarily financed by Hayfin, with Capreon managing the property. The two companies have collaborated in real estate investments since 2017.
Carlos Colomer, Managing Director of Hayfin, stated that 70 St Mary Axe is “a truly iconic office building in London and an attractive addition to the company’s portfolio,” highlighting the strong demand for top-quality office space in the City. Similarly, Capreon CEO Raphael Noe emphasized that the building stands out for its quality, ESG features, and amenities that meet contemporary workplace wellbeing standards.
Liz Sworn, Fund Manager at Nuveen, noted that the sale completes a successful cycle for the property, from land assembly and planning approval to delivery and full occupancy. As she mentioned, the proceeds will be directed toward new investment opportunities.
