A CITY centre office block has been snapped up for more than £11 million.

Charities Property Fund (CPF) has acquired the freehold interest in International House in Queen’s Road, Brighton, from Aviva for £11.2 million.

The office building next to Brighton Station is multi-let to five office tenants as well as a Fitness First gym and a Budgens’ store.

E-learning firm Brightwave and marketing firm Brilliant Noise are among the firms in the building.

CPF owns more than 100 properties nationwide worth more than £1.1 billion, including Jurys Inn next to Brighton station, Aspect House in Queen’s Road, and WH Smith in Chichester’s North Street.

It launched in 2000 as the first common investment fund available to all charities in the UK that invests directly in UK commercial property.

The sale was carried out through Savills Investment Management for CPF while Knight Frank acted for Aviva.

Angy Benitz, CPF portfolio manager, said: “Brighton has lost approximately 800,000 sq ft of office space since 2013 due to permitted development and this has put upward pressure on office rents.

“We have witnessed this growth first hand with our existing ownership at Aspect House where rents have increased by 30 per cent within the last year. We expect continued growth at International House off the low average office rent of £21.50 per sq ft. ”