TH Real Estate, on behalf of Warburg-HIH Invest, has sold an office property held in one of its club deal investment funds to a private Hong Kong–based investor, for an undisclosed sum.
Revitalised in 1996, the historic building on Queen Street in a premium location in the City of London has a gross lettable area of 68,436 square feet and is fully occupied.
Having been sold after four-and-a-half years of ownership, the investment earned a total return of circa 12.4 percent (IRR) p.a. and thereby significantly exceeded the original forecast of 5.8 percent (IRR).
Other Asian investors in the London market include:
KIM pays £200m for office building in the City of London
People’s Republic of China buys site for new London embassy from Delancey
