German fund manager KanAm has been confirmed as the buyer of London office tower owned by Korea鈥檚 Hanwha Life.
, acting on behalf Hanwha Life, sold One Wood Street after hiring to market the building .
Robin Carr, head of UK and co-chief investment officer at Aerium, said: 鈥淗aving managed this asset for the past eight years, initially under our own ownership and latterly on behalf of Hanwha Life, we鈥檙e intricately aware of its appeal as a unique investment proposition.
鈥淲ith our asset management programme now having been successfully executed, we鈥檙e handing One Wood Street over to KanAm Grund Group in prime condition and with the benefit of a strong covenant providing long-term stable income.鈥�
As reported last year, Aerium was expecting offers of around 拢190m (鈧�220m) for the building.
The company paid 拢105.5m for the asset in 2009, before selling it to the Korean insurance group for 拢143.5m in 2012, remaining as asset manager.
The 184,150sqft building is fully let to law firm Eversheds Sutherland at an average rent of 拢48 per sq ft.
The deal is Kanam鈥檚 third in the City of London in the past four months.
