Beijing Capital Development Holdings is making its third London acquisition after placing Fleet Place House, EC4, under offer for around £108m – a yield of 4.35%.
The Chinese developer is close to buying the 180-year leasehold interest of the property from Grosvenor Europe.
The 92,000 sq ft office building on Holborn Viaduct is let off average rents of £51.81 per sq ft and has an unexpired lease term of 6.38 years. The overall passing rent is £4.7m per year.
Savills represented BCDH.
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