Tristan Capital Partners And Cording Real Estate Acquire Mixed-Use Property In Holborn, London For £245M
1 Southampton Row, Holborn, London Wc1 B 5 Ha, Uk
$245,000,000
$225/SF
Building Size
1,089,000 SF
Asset Type
Mixed-use
Closing
Mar 1, 2020
AI
The mixed-use property located at 1 Southampton Row in Holborn, London has been sold in a closed transaction. The property spans a total area of 108,900 square feet and was sold for a price of £245,000,000, resulting in a price per square foot of £2,249.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £245,000,000
- Square Footage: 108,900
- Address: 1 Southampton Row, Holborn, London
- Market: Holborn, London
The buyer of the property is Tristan Capital Partners, represented by Nicho Jenkins, and Cording Real Estate Group, represented by Mark Millar. The seller, LabTech Investments Ltd., is represented by Teddy Sagi. The buyer's representative in the transaction is Knight Frank.
Players
London Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93