Hui Wing Mau, owner of China-listed Shimao Property, has completed the purchase of Goldman Sachs’ office Christ Church Court, EC1, from Deka Immobilien.
The off market deal, first tipped by EG in February, is Hui’s first in the UK.
The 303,000 sq ft Christ Church Court at 15 Newgate Street on Paternoster Square is let to Goldman Sachs until 2025 subject to a tenant break option in 2020.
Savills and CBRE advised Deka; BNP Paribas Real Estate acted for the purchaser.
John Heaver, director of strategic investment at Savills, said: “We continue to see a high amount of interest from Asian investors in this type of first-class London asset and expect this to continue for the foreseeable future.”
Richard Garside, head of City investment at BNP PRE, added: “We are delighted to have acted for Mr Hui Wing Mau on the off-market acquisition of Christ Church Court as it was a rare opportunity to acquire one of the few assets within the Paternoster Square Estate as well as a prime City of London asset adjacent to the London Stock Exchange.”
