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Great Portland Estates PLC said on Monday it acquired a long leasehold interest for £30 million.
The building at 6/10 St Andrew Street in Holborn, London is 46,200 square feet and is currently vacant.
The London-based property developer and investor said the building will offer managed office space with amenity space on the ground and roof levels.
Investment Manager Alexa Baden-Powell said: ‘St Andrew Street is a great opportunity for us to completely reposition a tired, vacant building into a sustainable, high quality, beautifully designed workspace that fully caters to our customers' evolving demands.''
Shares in Great Portland Estates were up 0.5% at 673.50 pence on Monday morning in London.
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