Fidelidade completed the acquisition of Smithson Plaza from Tishman Speyer Properties for $216m.

Fidelidade, an owner and operator of an insurance brokerage company, completed the acquisition of Smithson Plaza, which consists of three buildings with a total surface area of 7.5k square metres, from Tishman Speyer Properties, a real estate investment firm, for $216m. Tishman Speyer Properties sold the buildings, including the 14-floor and 4.8k-m2 Smithson Tower, the Denham Building, covering 1k square metres, 790 square metres of which are flats; and the 5-floor Bank Building, which comprises 465 square metres of office space. The property is located at 25-27 St. James Street in the British capital, according to several international newspapers, and has 91% of its mixed-use area occupied.