Standard Life Investments, advised by Strutt & Parker, has sold the freehold interest in Caledonia House, 223 Pentonville Road, London, N1, to the Derbyshire County Council Pension Fund for £11.5 million, reflecting a net initial yield of 6.1%.

The 28,816 sq ft office building is multi-let to five tenants on leases expiring between September 2009 and September 2051. The property produces an annual rent of £752,795.

Keneth Peters advised the Derbyshire County Council Pension Fund.

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