A seven-storey office building in Hammersmith has changed hands in a £50 million deal.

Kier Property and Investec sold the Kings House development to Catalyst Capital.

This comes after the former owners purchased the site in 2013, before demolishing the old premises and building the new 58,100 sq ft property.

In 2017, the building was launched and won the prestigious 'Hammersmith Society Award' for its design, which is of the highest corporate and environmental sustainability standards.

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Phil Sutton, senior development director at Kier Property, commented: "We have been delighted by the performance of this well-positioned development and continue to look for new opportunities to expand on our existing and identified pipeline of £1.5 billion GDV."

Guy Wilson, partner at Catalyst Capital, added: "This high-quality, grade A property has been acquired to provide a long-term income return. We are seeking similar multi-let office buildings in central London and in other European gateway cities."

The building has been leased to leading organisations including Work.Life, 4C Associates, Zaizi HyperOptic and SailGP.

(CM/MH)