Japanese investor buys office and retail accommodation in London

Knight Frank has advised IINO Kaiun Kaisha, Ltd. (IINO Lines), headquartered in Tokyo, on its purchase of 111 Strand, London, from ESAS Holdings.

The building comprises 37,781 square feet of class A office and retail accommodation, arranged over lower ground, ground and six upper floors. It occupies a prominent corner site with a 100-foot frontage on the Strand and benefits from close proximity to several key transport hubs including Waterloo and Charing Cross.

The building has recently undergone a comprehensive refurbishment, including the upgrading of the building’s end-of-trip facilities and achieving an EPC rating of B, compliant with the MEES 2030 target.

Ed Fairweather, partner at Knight Frank, said, “111 Strand represents our second acquisition in 2024 on behalf of Japanese capital, an investor group which is seeing London as comparatively good value and can benefit from Japan’s low interest rates. We expect to see significant further interest from