Aprirose has bought Holborn Central, an office and retail property above Holborn Tube station, WC2, from Transport for London.
It is understood that Aprirose paid around £40m for the building, which provides 68,373 sq ft of space. Its tenants include Costa Coffee.
Meenal Devani, chief investment officer at Aprirose, said: “Holborn Central is in a prime location that attracts a diverse range of occupiers including from the TMT, financial and legal sectors.
“We continue to be an active investor in value add and opportunistic real estate in central London close to infrastructure and transport hubs.”
Graeme Craig, director of commercial development at TfL, added: “It is great to have concluded this transaction with Aprirose, who share our desire to enhance this superb location in central London.
“Our investment strategy will continue to see us undertaking a small number of targeted disposals while we concentrate our own development activity on build-to-rent in outer London to generate ongoing revenue as well enabling us to provide high levels of affordable housing.”
Knight Frank advised TfL.
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