Hong Kong investor Get Nice Holdings has made its first investment into the London market with the purchase of Meadow Partners’ freehold interest in 9-13 St Andrew Street, EC4.
The 16,772 sq ft Midtown office building was bought for £21m, an initial yield of 3.8%.
The property is located opposite Goldman Sachs’ new HQ and is entirely let to law firm Rosenblatt, which has recently extended its lease for a further 10 years.
Farebrother CORFAC advised GNH on the acquisition. Meadow Partners was advised by CBRE.
Meadow Partners bought the asset in December 2014 for £13.6m and decided to sell after finishing its asset management initiative. It intends to reinvest the proceeds back into central London.
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