TIAA Henderson Real Estate has purchased the leasehold for 12-14 New Fetter Lane.
12/14 Fetter Lane has been prelet to international legal firm, Bird & Bird.
The property is due to be completed at the end of 2015. The building will be 142,500 sq ft in size.
The yield on the sale will be 4.5%.
Great Portland Estates was advised by GM Real Estate.
JLL acted for TIAA Henderson Real Estate.