The Chartered Insurance Institute (CII) has agreed to the sale of 20/21 Aldermanbury to The City of London Corporation.
The sale is part of the CII's Strategic Manifesto commitment to ensuring it is relevant, modern and diverse. Within the next 12 months the CII will be relocating to EC3.
Its South Woodford office is unaffected.
The CII said they believed The City to be the ideal future caretaker for the building as they will respect its heritage. The exact timing will be determined by the CII's relocation to a new office and will announce the precise location of their new premises in due course.