Legal & General Property buys £135.5m office portfolio

25 June 2015

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