St Martins Corp. is acquiring 60 Threadneedle Street in London from European real estate company Hammerson, Property Week reports. The Kuwaiti property company will pay more than £175 million for acquiring the office building.

St Martins, a branch of Kuwait’s sovereign wealth fund, will deploy part of the more than £750 million it raised from the sale of non-core assets over the last year. The building is 99 percent-rented and tenants include Talbot Underwriting, Universities Superannuation Scheme and Toronto Dominion Bank.

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