Source: Guandian.com
On June 19th, according to Global Real Estate Notes, Chinese Estates Holdings, with Hong Kong's richest woman, Kambe, as CEO, is listing a high-end office building in the Mayfair area of ​​West London for sale, with an asking price of 135 million pounds. Prior to this, several investors had expressed their intention to acquire it in the private market.
The four-story building at 14 St George Street, designed by renowned architect Eric Parry, has a total floor area of 51,861 square feet. Currently, the third floor is vacant, with two tenants and an average rent of about £83.5 per square foot.
Chinese Estates Holdings hopes to sell it for approximately 135 million pounds, reflecting a net initial yield of 3.8% and a capital value of £2,650 per square foot. The property was acquired by Chinese Estates Holdings from the UK asset management company Abrdn in 2016 for £121.7 million at a yield of 3.5%. If sold at the asking price, it is expected to bring good profits to Chinese Estates Holdings

00127

Chinese EST H, with Hong Kong's richest woman, Kambe, as CEO, is listing a high-end office building in the Mayfair area of West London for sale, with an asking price of £1.35 billion

Gambi's Chinese EST H lists London West End office building for sale at a price of 135 million pounds