Located between the City and London’s West End, the 2.5-acre freehold estate comprises 32 individual assets over 253,715 sq. ft. of leasable space. The Estate is currently home to 50 different tenants across a broad range of sectors and also includes a number of Grade II listed buildings of historical importance, the most prominent of which is Sicilian Avenue.
The Estate is located in the heart of Bloomsbury, one of London’s most vibrant submarkets which is home to world famous institutions including University College London (UCL), London School of Economics (LSE), Great Ormond Street Hospital and The British Museum. The Estate is located close to two Crossrail stations on the Elizabeth line, Tottenham Court Road and Farringdon, both of which are due to open at the end of this year and is a short walk from Holborn tube station, which is currently undergoing major refurbishment works.
”The Holborn Links Estate has huge potential .. That investment should allow us to benefit from burgeoning demand for office and retail space in Midtown..”
“The Holborn Links Estate has huge potential. Our focus will be on repositioning the entire offer to create a high quality user experience in a cohesive and carefully curated environment. That investment should allow us to benefit from burgeoning demand for office and retail space in Midtown, at a time when vacancy rates are low and there is a limited development pipeline,” said Nicho Jenkins, Managing Director at Tristan.
“The Crossrail London railway network is expected to bring an additional 1.5 million people within a 45-minute commuting distance of the capital once it opens in the final quarter of this year, creating a ‘halo effect’ around the new stations that will strongly benefit the Holborn area. Our refurbishment plans will also make a large contribution to the evolution of the Holborn Links Estate as a high-quality location that will attract a range of office and retail occupiers,” said Mark Millar, Head of UK Investment at Cording Real Estate Group.
Tristan was introduced to the deal by Cording Real Estate Group who will invest alongside CCP 5 LL and act as the asset manager for the Estate.
Knight Frank acted for Tristan and Cording, whilst Cushman & Wakefield acted on behalf of Labtech Investments Ltd.