Asset manager Real IS has completed a deal to buy 80,000 sq ft of London office space.
The company will pay £52 million for 21 Bloomsbury Street in the West End, according to Property Week.
Real IS, a division of BayernLB, inherits the Secretary of State for Transport, Local Government and the Regions as a tenant until 2022.
Andreas Heibrock of Real IS said: “We are pursuing the fund’s underlying strategy by selecting a property in a prime location and a tenant with an excellent credit standing.”
News of the deal comes days after Evans Randall acquired Drapers Gardens in the City of London for £242.5 million.
The investment banking and private equity firm bought the building from a joint venture which comprised Real Estate Funds and the Canary Wharf Group.
An unspecified proportion of the financing for the deal was provided by Eurohyop - a German real estate loans company.