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Union closes £220m acquisition of DLA Piper’s London HQ

German fund manager Union Investment has bought law firm DLA Piper’s new City headquarters for £220m.
By James Buckley
November 16, 2017 | 9:12 P.M.

Castleforge Partners, formerly Mercer Real Estate, sold the building Mitre House at 160 Aldersgate Street, EC1 - for a net initial yield of 4.5%, after terms were first agreed in February of this year. The deal was dependent on the conclusion of the refurbishment of the building.

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