Investment

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 ground floor

A private investment vehicle backed by Hong Kong’s prominent Cha family—controlling shareholders of developer HKR International (HKRI)—has acquired Lilly House at 13 Hanover Square in Mayfair for around £91 million. It is an off-market disposal by long-term central London landlord Lazari Investments, which originally purchased the asset in 2021 for around £70 million. Occupying a prominent corner position at the junction of Hanover Square and Harewood Place leading toward Oxford Street, the seven-storey building totals approximately 34,700 sq ft of mixed-use space situated just steps from the Elizabeth Line station at Bond Street. Morgan Real Estate has been appointed to manage the property on behalf of the new owner.

The ground floor of 13 Hanover Square is anchored by high-footfall retail units let to Pret A Manger and Starbucks, while the upper levels are currently occupied by serviced office provider Halkin under a lease set to expire in roughly two years. The impending lease event presents the incoming buyer with an immediate value-add asset management play. By taking vacant possession of the office floors in the near term, the owner can execute a comprehensive retrofit and repositioning scheme to capture the acute undersupply of prime, ESG-compliant workspace in Mayfair.

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

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)

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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Hayfin and Capreon Acquire 280 Bishopsgate for £320m

LaSalle Completes Purchase of Sedley Place on Oxford Street

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