Asset manager M&G Investments is partnering with Anglo American PLC in a £265 million deal to revamp the mining company's London headquarters, IPE Real Assets reported.
According to the report, M&G is in contract to purchase the freehold property and will bankroll the renovation of the Charterhouse Estate offices, with a 25-year lease starting upon completion in 2020.
The £3.8 billion M&G Secured Property Income Fund is providing capital to M&G, the publication noted.
The central London property will encompass about 146,000 square feet of office space and will include 27 residential apartments and warehouse space.
