Chinese Estates Holding £174.9 million acquisition of 11-12 St James's Square

Overview:

• Chinese Estates Holding, a Hong Kong-listed property development company, has acquired 11-12 St James's Square, London from the Employees’ Provident Wealth Fund of Malaysia for £174.9 million.
• The 80,000 square foot office building is multi-let to tenants including Blackstone and Marble Bar Asset Management.
• Chinese Estates Holding has previously purchased and financed 61-67 Oxford Street, London for £180 million in May 2016.
• The deal is a latest in a string of London real estate deals completed in the past few months including: CC Land Holdings £1.15 billion acquisition of the Leadenhall Building, Rathbone Place Jersey's £435 million acquisition of Rathbone Square; SEGRO's £365 million acquisition of Airport Property Partnership; and Deutsche Finance International consortium and Yoo Capital's £296 million acquisition of the Olympia Exhibition Centre.

Katrin Kostadinova - Data analyst