Astra Asset Management has completed the acquisition of 16-18 New Bridge Street, a freehold office building in Blackfriars. The deal marks a further deployment of capital under Astra's Private Assets strategy, as the firm moves decisively to capitalise on one of the most attractive entry points in the Central London office market.
The multi-let property occupies a prominent corner position opposite State Street’s newly developed headquarters and comprises approximately 30,000 sq ft of office accommodation. The building benefits from exceptional connectivity, located one minute from Blackfriars, two minutes from City Thameslink and within easy reach of the Elizabeth Line at Farringdon, providing access across London and key rail networks.
The acquisition follows Astra’s recent purchase of 7 Savoy Court and reflects continued momentum within its Private Assets strategy.
Ken Brougher, Head of Private Assets at Astra, said: “We remain focused on deploying capital into the office sector as it enters the early stages of recovery. This acquisition aligns with our strategy of targeting supply-constrained city centre locations where pricing dislocation creates compelling risk-adjusted opportunities.”
Anish Mathur, Chief Investment Officer at Astra said: “We, together with our partners, look forward to further investments in London commercial real estate and to capturing value through disciplined capital deployment at attractive points in the cycle.”