The sale of 13 Great Marlborough Street was advised by Standard Life Investments and saw a 3.3% net initial yield.

The property is a single let to Sony Interactive Entertainment, the research and development arm of Sony responsible for innovations such as PlayStation VR.

UKCPT purchased the building – which comprises around 23,000 sq ft of office space – in September 2006.

It has now been acquired by Alduwaliya, a UK-based real estate asset management firm, which in 2016 acquired the adjacent 10-12 Great Marlborough Street, also a single let to Sony.

Will Fulton, fund manager at Standard Life Investments, said that despite the building’s good location, it was an appropriate time to crystallise a strong return.

“This sale also removes short-term letting risk from the portfolio and the potential for significant capital expenditure.

“We aim to re-invest in line with our ongoing strategy to generate a higher income, which we believe beneficial in the current political and economic market environment.

“On that front we are actively looking at a number of investment opportunities."