The biggest trust in the UK for real estate investment, The British Land Company PLC, reported Friday that it sold 2-3 Triton Square at Regent’s Place, London to Abbey.

The Triton Square development is a part of Regent’s Place currently belonging to the British Land Company. It encompasses five buildings in all with a total of around one million square feet of retail, office and entertainment space. Currently, around seven-thousand staff are employed on the office estate.

The estate bought by Abbey is a 200,000 square foot class-A office building which was developed in 2002 by British Land. It was sold for £115m showing an opening yield of 7.2 percent, as stated by the company.

Abbey has decided to rent the premises for nearly £9m per year until the year 2022. The Director of the British Land reported in a statement that Abbey was not only an important occupier of Regent’s Place, but is now also to become a significant stakeholder in the thirteen acre property.

The director also stated that they are committed to the completion and office refurbishment of Regent’s Place One and Two later in the year.