The property drew several bids in excess of £5.5 million ($7.7 million) and Chichester-based Store Property exchanged within 30 hours of receiving the draft contract. This will be Store Property's fifth central London office development in three years.

FISPAM has focused its efforts on fine-tuning its central London portfoli over the last six months, with over £75 million ($105 million) invested in 84 Eccleston Square and 21 Dartmouth Street, both in Victoria, and 1 Kings Arms Yard in the City.

Simon Lacey, Fund Manager for FISPAM, said: 'This is a busy first half for FISPAM: not only is the central London office market providing us with strategic investment opportunities, but we are also experiencing advantageous conditions for sale - as demonstrated by the intensity of demand and speed of exchange for this particular site.'

FISPAM was represented by Morgan Pepper, while Jones Lang LaSalle acted for Store Property.

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