Brookfield is set to buy 30 Fenchurch St for £635m in the UK’s biggest office deal since the start of the pandemic.
The Canadian private equity giant is buying the 18-storey building on Fenchurch Street from the trustees of the billionaire Safra family.
The deal, expected to be completed this week, will represent a yield of about 4.5%.
Separately, Brookfield is also in talks to acquire Milton Gate, a glass-fronted office block on the outskirts of the City, for £215m.
30 Fenchurch St was formerly known as Plantation Place, in a nod to the City’s slave-trading past, but changed its name in the wake of the Black Lives Matter protests.
The deal will be the biggest in the office market since spring 2019, when Citigroup paid £1.1bn for 25 Canada Square, a 45-storey skyscraper in Canary Wharf.
