INDUSTRY NEWS

Tishman Speyer purchases 33 Holborn London office space

Real estate company Tishman Speyer has completed the acquisition of 33 Holborn from German investment firm, Union Investment .

The building, which provides 328,000 sq ft of London office space, is currently occupied by Sainsbury’s. The supermarket chain holds a full lease on the building until 2026, and has been based there since the building was completed – back in 2001.

Designed by leading architects Foster + Partners – responsible a number of London’s most iconic buildings, such as City Hall – it features a gym, an auditorium, space for retail amenities, a restaurant and underground parking.

Importantly, 33 Holborn sits in close proximity to public transport links. Farrington Station, which is expected to become an important station once the city’s Crossrail service is up-and-running, lies just a short distance away from the office.

Tishman Speyer hasn’t yet disclosed how much the deal for 33 Holborn is worth.

Co-CEOs for Tishman Speyer, Jerry and Rob Speyer, commented on the acquisition in a statement.

They said: “Tishman Speyer has been active in London since 1995, investing approximately $4.25 billion in 4.5 million sq ft of properties over that time period.

“This acquisition is consistent with our positive long term view of the European commercial real estate markets and is an excellent addition to our portfolio, which consists of signature properties leased to blue chip organisations. We will continue to seek opportunities in London and on the European continent.”

By: Kirsty MacGregor

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