M&G agrees £265m deal for new Anglo American London HQ
Property firm M&G Investments has snapped up Anglo American’s HQ in the heart of London’s jewellery district, in a £265 million deal that will see the mining giant commit to the capital long-term.
The Evening Standard can reveal M&G will buy the Farringdon site from the FTSE 100 firm and complete a major redevelopment there.
When construction completes in 2020, a new 25-year lease to the miner will start and the building will also be home to its diamonds business De Beers Group.
The Charterhouse estate comprises a fortress-like property that was built in the 1970s and features subterranean vaults that once held about $5 billion (£3.9 billion) of uncut diamonds.
It has been vacant since March 2017, when staff relocated as part of restructuring to cut overheads, but its move back demonstrates commitment to London.
M&G’s investment director Shailendra Shah called the deal a “significant and prestigious forward funding transaction”.
Property agent BNP Paribas Real Estate brokered the sale.
