Legal & General Property (LGP) has paid £135.5m ($212.9m) for a UK office portfolio known as Compass owned by a private family office client connected to the Al-Fayed family, according to commercial property data provider CoStar.
The Compass purchase was made by L&G's UK Property Fund, a property authorised investment fund.
The Compass portfolio comprises six offices in Weybridge, Maidenhead, Slough, Bracknell, Basildon and Cobham in the south-east of England.
Mohamed Al-Fayed owns the Hotel Ritz in Paris and formerly owned Harrods department store in London.
See also: IAR, 19 June, L&G completes more real estate deals
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