The 825,000 sq ft property is the headquarters of law firm Allen & Overy and is located next to Spitalfields Market.
The deal highlights the scale of investor demand for property in the Square Mile, which has led to the capital values of commercial property recovering sharply since last summer.
Bishops Square is being sold by Hammerson, the FTSE 100 property company, and the Oman Investment Fund (OIF), who operated a 25:75 joint venture. Oman only acquired its stake last June in a deal that valued the property at £445m. Wednesday's sale represents a 25pc increase on that price and a gain on the £510m book value of the asset at June 30. The price reflects a yield of 6.2pc.
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