Publications

Transactions - MAY 7, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Tishman pays $517m for London office

by Andrea Waitrovich

Tishman Speyer has paid $516.6 million, or $1,565 per square foot, for 33 Holborn Circus, a nine-story office property in London. Savills represented the seller, Union Investment Real Estate. Tishman released an announcement of the acquisition on April 29.

The property serves as the headquarters of Sainsbury’s and is fully leased to the supermarket company through 2026. Sainsbury’s is the second-largest U.K. grocery retailer with more than 1,100 stores.

Completed in 2001, 33 Holborn was designed by Foster & Partners specifically as an international standard headquarters property. It features large floorplates, a

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy