South African investor acquires City of London office building

Investec Structured Property Finance (Investec) has provided a South African investor, represented by Pembrey Asset Management, with a senior loan to support its acquisition of One Bartholomew Lane in the City of London, from Hines U.K., as asset manager acting on behalf of a sovereign wealth fund investor.

“This purchase emphasizes the continued attraction of investing in London, where wealth preservation is the underlying strategy,” said Adam Jaffe, at Investec Structured Property Finance. “Despite economic and political uncertainty, we believe that demand for well-located London real estate will remain resilient in 2019. With a 25-year track record of supporting both domestic and international buyers with investment and development funding solutions, we are well placed to meet this anticipated demand.”

The class A office building, redeveloped in 2010 behind a retained historic façade, comprises 7,417 square meters (79,838 square feet) over 13 floors and is