Royal London swoops on 25 Soho Square

Royal London is understood to be buying 25 Soho Square, W1, from Aviva Investors for north of its circa £73m asking price. The property provides more than 42,000 sq ft of office space to tenants including software firm Palantir Technologies, which counts the US Army, United Airlines and Air Asia as clients, Leisure Pass Group and consultant Bow & Arrow. Aviva acquired the property in 2010 for £40.9m. It follows last summer’s sale of 66,000 sq ft 20 Soho Square by Aviva to a private European investor for £117m. It is let entirely to Palantir Technologies UK and has a rent roll of £4.9m. To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette