Investment

Hayfin and Capreon Acquire 280 Bishopsgate for £320m

Hayfin has acquired 280 Bishopsgate, a 13-storey Grade A office building in the City of London near Liverpool Street station, in partnership with Capreon. The price has not been disclosed, but market sources put it at around £320m. Hayfin led the transaction
The building is fully let. It was formerly the headquarters of the Royal Bank of Scotland and underwent a comprehensive redevelopment in 2022. Occupiers include Baker McKenzie, Aberdeen Asset Management and Cognizant

Alternative asset manager Hayfin Capital Management, in partnership with real estate investment manager Capreon, has completed the acquisition of 280 Bishopsgate in the City of London for approximately £320 million. The 13-storey, Grade A office building was sold by CBRE Investment Management, with senior debt financing for the transaction underwritten jointly by Santander Bank and Caixa. Located adjacent to Liverpool Street station on the border of the City core and Spitalfields, the former Royal Bank of Scotland headquarters underwent a comprehensive, sustainability-led redevelopment that earned it a BREEAM Outstanding rating upon completion in 2022. The property is fully let to blue-chip international tenants, anchored by global law firm Baker McKenzie alongside asset manager abrdn and technology consultancy Cognizant.

The acquisition represents the second major central London office deal executed by Hayfin and Capreon within a 12-month period, following their £340 million purchase of 70 St Mary Axe ("The Can of Ham").

LaSalle Completes Purchase of Sedley Place on Oxford Street

* LaSalle Investment Management has completed the purchase of Sedley Place, 355-361 Oxford Street, London W1, from Norges Bank Investment Management (NBIM). The price is understood to be £85m, reflecting a net initial yield of 4.72%. LaSalle is acting on behalf of the California State Teachers’ Retirement System (CalSTRS)

HKRI-Linked Cha Family Acquires 13 Hanover Square for Over £91m in Off-Market Deal

* The Cha family, which controls Hong Kong developer HKRI, is understood to have acquired 13 Hanover Square, W1, from Lazari Investments. The price is understood to be £91m * The building has seven storey of office space, let to serviced office provider Halkin, with a Pret A Manger and Starbucks on

London Initiative for Safe AI Takes 82,000 sq ft at Tribeca, King’s Cross

* Reef + Partners and BlackRock Real Estate have signed the non-profit London Initiative for Safe AI (LISA) for 82,000 sq ft at the Tribeca campus in King’s Cross. LISA will occupy six floors of The Reflector, the second building on the campus, which sits along Regent’s Canal.

Gardiner & Theobald Secures 55,000 Sq Ft London Headquarters Pre-Let at 30 Finsbury Square

* Gardiner & Theobald has signed for a 54,939 sq ft London headquarters at MEAG’s 30 Finsbury Square, covering 3.5 floors of the building. The space is on floors one to four. The lease starts in 2028 and occupancy is planned for the third quarter of 2029. * Originally

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LaSalle Completes Purchase of Sedley Place on Oxford Street

HKRI-Linked Cha Family Acquires 13 Hanover Square for Over £91m in Off-Market Deal

London Initiative for Safe AI Takes 82,000 sq ft at Tribeca, King’s Cross

Gardiner & Theobald Secures 55,000 Sq Ft London Headquarters Pre-Let at 30 Finsbury Square