Hong Kong investor Tai United has bought Brockton’s 10 Hammersmith Grove for £103.5m – the second time the property has traded in less than five months.
The 122,744 asset is let to six tenants including Philip Morris, Accor, Fox and UKTV on 10 and 20-year leases with an annual income of £5.6m.
The deal is subject to approval from Tai United’s shareholders.
The property was one of a number of assets in Aberdeen Asset Management’s Aberdeen UK Property Fund which were put up for sale, after the investor suspended the fund and its Aberdeen UK Property Feeder Unit Trust after the EU referendum.
Aberdeen had appointed Strutt & Parker to market the building earlier in the year, seeking offers in excess of £100m – a 5.25% yield.
It is the second asset Tai United has bought from Brockton after the investor paid £112 for 6-9 Buckingham Gate, SW1, a prime residential scheme from a joint venture between Brockton Mountgrange and The Rothschild Foundation.
JLL advised Tai United Holdings; Brockton was unrepresented.
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