Old Mutual Global Investors to open City office

Old Mutual Global Investors (OMGI) has placed the top two floors at 25 Copthall Avenue, EC2, under offer. The UK-based investment business is to take more than 35,000 sq ft at the 80,000 sq ft building, where quoting rents are around £60 per sq ft. OMGI – headed by Richard Buxton – is set to relocate to EC2 from its current Lambeth Hill base. The recently refurbished property at Copthall Avenue is located just off London Wall and 200m from the pending Crossrail entrance at Moorgate. The building is owned by a private investor, which acquired the building in 2007 from Starwood for £145m, representing a yield of 4.5%, according to Radius Data Exchange. Other tenants in the building include Atlantic Equities and Marex Spectron Protrader. Buxton bought out OMGI in June from its parent company Quilter with the backing of US private equity company TA Associates. A spokesperson for OMGI said: “We are considering a number of options but will make no further comment at this time.” To send feedback, e-mail Louise.Dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette