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M&G Investments to renovate Anglo American's London HQ in £265M deal

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.