A multi-million pound buyout has seen the building that houses Tiger Tiger, Vue cinema and Virgin Active gym change hands for £33m.

Hermes Investment Management has paid the money to Aberdeen Asset Management for Grants Entertainment Centre.

The premises in Middle Street, Croydon, has 160,840sq ft of space over seven floors, divided into eight units.

Hermes Real Estate chief executive Chris Taylor said: "Our investment strategy continues to focus on areas benefiting from the emerging urbanisation trend and resulting changes to demographics.

"Offering an attractive yield, Grant Entertainment Centre’s position in one of the UK’s major conurbations, undergoing significant public realm, infrastructure and retail/leisure improvements, offers significant opportunities to capitalise on these trends through a proactive asset management approach."