There must be something in the water at 1 Coleman Street. Barely a week goes by, of late, without news of a major UK investment by Legal & General - and now it's looking to team up with other big investors from around the world, as well.

Today, we learned the UK insurer has agreed a £375 million joint venture tie-up with the Dutch pensions manager PGGM Investments to invest in central London property. The partnership has already bought its first asset - 72 Broadwick Street in Soho, for £67 million.