Mishcon de Reya advised a long-standing private investor client on the sale of 120 Holborn to Singaporean investor UOL Group for £229.6 million.
The 2.6 acre island site has just under 100 tenants in approximately 340,000 sq ft of office, retail and leisure accommodation, bordered by Hatton Garden, High Holborn, Leather Lane and Greville Street. 120 Holborn comprises a nine-storey office building with ground floor retail, further separate offices at 100 Hatton Garden and three residential blocks of flats, totalling 58 units.
Commercial tenants include Bounce, Whitbread, Trainline and a soon to be flagship 40,000 sq ft Gymbox.
Mishcon de Reya first acted in connection with the refinance and restructure of the site in 2012 and has since advised on implementing the asset management strategy, the major refurbishment of the main office building and a number of new leases.
The Mishcon Real Estate team was led by Partner Nick Minkoff and Legal Director Claire Manches, and assisted by Raji Bartlett, Partner Jonathan Legg, Legal Director Chhavie Kapoor, Managing Associates Daniel Farrand, Rebecca Taylor and Olivia Glekin and Associates Elena Pantelli, Kim Chalkin, Isabella Weston-Baker, James Brownlie and Catherine Rolfe.
Berwin Leighton Paisner LLP acted for the purchaser, UOL Group and was led by commercial real estate Partners Kirsty Corkum and Sunita Chawla and non-contentious construction Partner Adriano Amorese, with Senior Associate Sam Spivack assisting.