Hong Kong investor banks Lloyds HQ in first UK purchase - London

07 December 2017

Hengli Investments Holding (Group) Limited has acquired the headquarters of Lloyds Banking Group at 25 Gresham Street in London, EC2 with the benefit of a 20 year lease to the bank. The deal is the Hong Kong investor’s first purchase in the UK.  Savills advised Hengli, whilst CBRE advised Lloyds Banking Group.


The trophy office – one of the most recognisable City buildings prominently located at London’s premier banking address, Gresham Street – provides approximately 119,742 sq ft (11,124 sq m) of Grade A office accommodation. The building is let to Lloyds Banking Group, which has occupied the building since it was constructed.


Chen Chang Wei, Chairman of Hengli Investments Holding (Group) Limited, comments: “This is a brilliant outcome after a lot of careful research and site inspections.  As this is such a rare commercial property, we are particularly happy to have reached a swift mutual agreement with the seller, closing the tender in only a month.  We will continue to consider any remarkable property investment opportunities locally and internationally.”


Daniel Hesketh, director in the central London investment team at Savills, adds: “25 Gresham Street offers a rare opportunity to acquire not only one of London’s trophy assets, being a modern, prime located office in the City of London, but also the UK headquarters for one of the country’s leading financial institutions, with long term secure income.”

 
 

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Daniel Hesketh

Daniel Hesketh

Director
Central London Investment

Savills Finsbury Circus House

+44 (0) 20 7409 8008

 

Kirsty Moseley

Kirsty Moseley

Associate Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 207 409 8887