LONDON—Samsung SRA Asset Management through Cushman & Wakefield Investors has acquired 30 Crown Place, London EC2, on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.
Terms were not disclosed, but numerous news reports indicate a price of approximatley $185 million (£142M). The prime office building totals 192,070 square feet of Grade A office space, most of that leased on a long-term basis to UK law firm Pinsent Masons LLP. The property is located close to the Broadgate Estate and Liverpool Street Station, set to benefit from the Crossrail connections in the near future as well as ongoing developments in Broadgate.
This transaction represents Samsung SRA's first overseas investment and reflects the attraction of the London market to international investors as a leading financial centre and gateway city.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
