Endurance Land and Angelo Gordon purchased the interest following a competitive bidding process managed by Cushman & Wakefield on behalf of the City Corporation.
The 19,445 sq m (209,307 sq ft) Grade II listed building produces an annual rent of £4m from 36 tenants and offers the opportunity for a phased refurbishment or full refurbishment in 2022.
Jonathan Fletcher, CEO Endurance Land, said: “The purchase is our second JV with Angelo Gordon and we look forward to working with them and the City of London Corporation to deliver a first class building in an outstanding location”.
Mike Diana, Managing Director Angelo Gordon, said: “We are delighted to have worked with the City of London Corporation to acquire 1-5 London Wall Buildings with our partner Endurance Land. The purchase gives us a fantastic opportunity to refurbish a historic asset that is ideally located to benefit from the impending completion of Crossrail and the reactivation of Finsbury Circus”.