Singapore privately-held property developer Hoi Hup Realty has acquired two mixed-use properties in Holborn, London, for more than £80 million ($140 million). The seller is reportedly a client of Aberdeen Standard Investments, the global asset manager.
Both properties are located beside the Chancery Lane Underground station. The first building is 322 High Holborn, a multi-let building comprising 70,308 sq ft of office, retail and residential space in a nine-storey building with basement.
The second is 44 Southampton Buildings, a 17,444 sq ft, single-let building on a 15-year lease to Beaumont Business Centres. The offices are on the lower ground, ground, and six upper floors.