LaSalle Investment Management has made a second office purchase in Croydon.
LIM has also bought Carolyn House on Dingwall Road.
The office property was bought from Peveril Securities for a reputed £11.5m. This would equate to a net initial yield of 7.32%.
Carolyn House was originally built in 1963 and now offers over 95,000 sq ft of office space.
This 16-storey building is currently undergoing a £20m interior refurbishment project.
Peveril Securities represented themselves, as did LaSalle Asset Management.