The State Bank of India has bought the freehold of 30 Moorgate, EC2, in the City of London, for its own occupation for £36.725 million.
The 31,577-square-foot office was sold by German fund manager KanAm Grund, advised by RX London.
State Bank of India is India's largest bank. It is an Indian multinational public sector bank and financial services statutory body, headquartered in Mumbai, and one of the largest employers in India.
Savills reports that it was the largest transaction to complete in December in the City office market and reflected a capital value of £1,140 per square foot.
The freehold building was originally let on a 15-year lease term to Regus and occupied by IWG-Spaces, and was sold with a three-monthly rolling landlord break.
In its City investment market in minutes, Savills points out that the acquisition follows Fortinet buying its own building at 12 Moorgate in August. It says owner-occupier deals accounted for 19% of all transactions in 2025.