It was revealed this morning that the US property investment vehicle bought the property at 25 Dowgate Hill in the City of London for £206m.
The landmark property, which was sold by the Fordgate Group, consists of two connecting office buildings known as the Atrium and the River Buildings. The entire property provides 283,485 sq ft (26,336 sq m) of space and tenants include London International Financial Futures and Options Exchange (LIFFE) and the Standard Bank.
The deal is Atlas Capital Group’s first UK acquisition since its launch in March by New York-based property entrepreneurs Jeffrey Goldberger and Andrew Cohen.
At the time of its launch, Goldberger and Cohen indicated that they would look to invest in large properties in major cities – with London and New York City their primary target markets.
The London acquisition coincides with the company’s first significant purchase in New York. The company has bought Meyberry House at 220 E. 63rd Street from US property manager M&R Management for $100m (£52.6m). The property comprises 193 residential apartments, 11 professional/medical suites and a 93-car public garage.