Real estate investment firm DTZ Investors has sold a mixed-use property located at 175 High Holborn in London, to Israeli investor Hagag Group for £20 mln (€23.7 mln).
The Place offers approximately 4,273 m2 of office and retail space spread across the ground floor, basement, and seven upper floors.
It boasts a prime location at the western end of High Holborn, situated on the corner of Shaftesbury Avenue.
Currently, the property is partially occupied with a redevelopment scheduled for summer 2026. The Place holds the potential for exploring both existing and alternative uses, along with the possibility of increased building mass.
Holly Witcomb of DTZ Investors said: ‘This asset was non-core in relation to the fund’s strategy and disinvestment enables capital to be redeployed into more core opportunities in what we consider high conviction sectors that fit our thematic strategies. The sale represented a solid crystallisation of the asset’s residual value at a premium to recent market evidence in challenging market conditions.’
DTZ Investors was advised by Fineman Ross + Partners, while Susskind London advised Hagag.
