TOG acquires Midtown office block for more than £100m

Blackstone-backed The Office Group has acquired the freehold of Chancery House in Midtown, WC2, from Canada’s Public Sector Pension Investment Board. It is thought TOG paid £114.5m for the 150,000 sq ft property, which was one of two assets spun out of a prime London office portfolio held jointly by PSP and Aviva Investors earlier this year. PSP took fully ownership of Chancery House, while Aviva Investors took full ownership of 130 Fenchurch Street, EC3. The remaining assets in the portfolio continue to be managed by the joint venture. TOG is understood to be planning to carry out a comprehensive