21 March 2019: Aprirose, the real estate investment company, has acquired Holborn Central – a prime retail and office asset - from Transport for London (TfL). As part of the transaction, TfL will continue to generate ongoing revenue to reinvest in the transport network.
Holborn Central is a prime island site that comprises 68,373 sq ft of multi-let offices and retail above Holborn tube station. The building and surrounding area are part of a vibrant location in Central London with great transport links.
Midtown has become the location of choice for a wide range of occupiers, ranging from Amazon and Google to McKinsey and Goldman Sachs.
Meenal Devani, Chief Investment Officer, Aprirose, said: “Holborn Central is in a prime location that attracts a diverse range of occupiers including from the TMT, financial and legal sectors. We are excited about working with TfL to realise the potential inherent in this property and location. We continue to be an active investor in value add and opportunistic real estate in Central London close to infrastructure and transport hubs.”
Graeme Craig, Director of Commercial Development at TfL, said: “It is great to have concluded this transaction with Aprirose, who share our desire to enhance this superb location in Central London. Our investment strategy will continue to see us undertaking a small number of targeted disposals whilst we concentrate our own development activity on Build to Rent in outer London to generate ongoing revenue as well enabling us to provide high levels of affordable housing.”
Knight Frank acted as advisors to TfL.