Hong Kong's Hengli makes £150m+ UK debut

By James Buckley - Thursday, December 07, 2017 9:04

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Hengli Investments Holding (Group) Limited has acquired the headquarters of Lloyds Banking Group at 25 Gresham Street in London, EC2, for just over £150m, in what is the Hong Kong investor’s first purchase in the UK.

The building has been sold and leased back to Lloyds for a further 20 years, which has occupied the building since it was constructed. The trophy office provides 119,742 sq ft of grade A office space.

Savills advised Hengli, whilst CBRE advised Lloyds Banking Group.

Chen Chang Wei, Chairman of Hengli Investments Holding (Group) Limited, said: “This is a brilliant outcome after a lot of careful research and site inspections.  As this is such a rare commercial property, we are particularly happy to have reached a swift mutual agreement with the seller, closing the tender in only a month.  We will continue to consider any remarkable property investment opportunities locally and internationally.”

Daniel Hesketh, director in the central London investment team at Savills, added: “25 Gresham Street offers a rare opportunity to acquire not only one of London’s trophy assets, being a modern, prime located office in the City of London, but also the UK headquarters for one of the country’s leading financial institutions, with long term secure income.”

jbuckley@costar.co.uk

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