Trinity Grand, the investment management company run by Grace Cheung, is close to deploying around £150m for two Midtown office buildings.
The company, which offers investment management services to high net worth individuals, is nearing a deal to buy the 53,428 sq ft 322 High Holborn, WC1, from Barclays Nominees.
The multi-let building is being sold by Knight Frank with a quoting price of £72m – a net initial yield of 5.23%. Trinity Grand is also close to buying 265 Strand, WC2, from a subsidiary of Japanese telecoms giant Nippon Telegraph & Telephone Corporation for around £80m.
The 76,000 sq ft office building is majority let to US law firm Covington & Burling until 2021 and has an annual rental income of more than £4.5m.
Trinity Grand was incorporated in 2014. Grace Cheung, a British national who is usually resident in Hong Kong, is the sole director.
Cushman & Wakefield is advising on the sale of 265 Strand.
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