Mitsubishi Estate Company (MEC) has bought 150 Leadenhall Street, EC3, London, the UK headquarters of fellow Japanese company Tokio Marine. The financial details were not disclosed.

Tokio Marine and Deutsche Bank’s leases on the 5,200-m2 office building in the heart of the City expire next year, offering MEC the opportunity for a short-term refurbishment or a longer term redevelopment of the building.

Cushman & Wakefield advised MEC and CBRE acted for Tokio Marine.