Almacantar buys offices

Kasmira Jefford
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ALMACANTAR, the property vehicle of former British Land director Mike Hussey, has snapped up 125 Shaftesbury Avenue in the West End from fund manager Blackrock, in a deal thought to be worth around £110m.

The red brick 1980s building, is let to tenants including Gucci, Yahoo Europe and Lloyds TSB, and marks Almacantar’s fourth purchase in the West End since it was launched in 2010.

Almacantar also owns Centre Point, CAA house and Marble Arch tower.