HOI HUP ACQUIRES TWO HIGH HOLBORN BUILDINGS – LONDON

Hoi Hup Realty Pte Ltd has acquired 2 buildings in the prime London Midtown location along High Holborn.

The properties are located on the south side of High Holborn beside Chancery Lane Underground station. 322 High Holborn is a multi-let building comprising 70,308 sq ft (6,532 sq m) of office, retail and residential accommodation arranged over basement, ground and eight upper floors. 44 Southampton Buildings, totalling 17,444 sq ft (1,621 sq m) is single let on a 15-year lease to Beaumont Business Centres. The office is arranged over lower ground, ground and six upper floors.

Felix Rabeneck, director in the Central London investment team at Savills, comments: “322 High Holborn and 44 Southampton Buildings provides our client with a freehold, multi-let investment opportunity with significant asset management opportunities and longer term redevelopment potential in a strategic location.”

Knight Frank advised Aberdeen Standard Investments.